Siemens Healthineers to expand R&D, production in Shenzhen

Photo taken on Nov. 6, 2021 shows a Siemens PET/CT device at the Medical Equipment and Healthcare Products Exhibition Area of the 4th China International Import Expo (CIIE) in east China's Shanghai. (Xinhua/Zhang Yuwei)

SHENZHEN, May 22 (Xinhua) -- German health technology company Siemens Healthineers pledged on Monday an additional investment of over 1 billion yuan (about 142 million U.S. dollars) to establish a state-of-the-art research and manufacturing site in China's tech hub of Shenzhen.

It will be Siemens Healthineers' second R&D and production site in Shenzhen, according to the company.

"China is of elementary importance for Siemens Healthineers. Through its technology savviness and openness to partnerships and innovation, it is already and will continue to be a strategic innovation driver for us locally, as well as globally," said Bernd Montag, CEO of Siemens Healthineers.

"Our decision to invest in a research center as well as in production in Shenzhen bears testament to Shenzhen's innovative capacity and pioneering spirit," Montag said.

Siemens Healthcare built its first base in Shenzhen in 2002, and it has since become one of the company's largest research and manufacturing centers. Its businesses include magnetic resonance systems, angiography systems and medical electronic components.