BSX Pumps $150M Into China Presence

7/27/11

Natick, MA-based medical device firm Boston Scientific (NASDAQ: BSX) announced today that it will invest $150 million over five years to establish a manufacturing facility in China. Boston Scientific said that it will use the site as a medical device training facility, and that it will also invest in R&D activites in China and increase its employee base in the country from 200 to 1,200. The company said it expects these moves to push its revenues in China to more than $500 million at the end of 2016.

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