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GE Healthcare Plans New Investment In Turkish Capital Ankara

GE Healthcare has planned to invest in medical device production in Ankara, Turkey, in order to attain double-digit growth in the Turkish market in 2009, according to a company official, Reuters reported. The official did not reveal any specific value for the investment in Turkey. The new investment is anticipated to perceive significant growth in the medical device sector, the company official said.

The Turkish medical device market was worth around $300 million a year and was growing around 5% to 10% a year, according to BuzzRichard di Benedetto, GE Healthcare’s chief executive for the Eastern and Africa Growth Markets region.

‘Our target is to exceed this and reach double digit (growth) figures in 2009,’ di Benedetto told Reuters on the sidelines of a conference in Istanbul on June 11, 2009..

GE’s new investment in healthcare device market in the Turkish capital Ankara would be aimed at export, said di Benedetto.