Brazil’s FANEM opens first international HQ in India
This article was originally published in Clinica
Brazilian neonatology specialist FANEM has opened its first international office at a site in New Delhi, India. The firm used $1m of investment to build an assembling unit for devices and plans to invest a further $5m to build a full manufacturing site in the area by 2012. According to Marlene Schmidt, FANEM’s executive director, the firm chose India due to its “similarity with Brazil in terms of their healthcare needs”. She also said that the location favours exportation to Asian countries and the Middle East. São Paulo-based FANEM claims to have the largest international representation in the medtech industry of all Brazilian medical device manufacturers. The firm exports to more than 90 countries and, currently, exports make up 35% of its turnover. FANEM’s product portfolio includes infant incubators, intensive care units, phototherapy systems, radiometers and continuous positive airways pressure technology.