Biosystems unit eyes Rs 200 cr reagents production in 5 yrs

Tags: News
Biosystems Diagnostics, a joint venture between Chennai-based Trivitron Healthcare and Spanish company BioSystems hopes to produce reagents worth Rs 200 crore in the next three to five years. The JV opened its manufacturing facility at Trivitron Medical Technology Park in Chennai on Monday.

BioSystems is one of the leading manufacturers of clinical chemistry reagents and instruments, immunofluorescence reagents and instruments as well as immunoturbidimetry reagents for over three decades.

The facility has a built-up area of 45,000 sq ft and has a capacity of one lakh litres of reagents per year. The JV has invested $10 million in the facility.

“This plant would be incorporating all contemporary technologies and comply with European Standards for its operations and would be at par with the global standards in every way. The plant design is scalable to double the capacity in future. This facility will produce reagent worth over Rs 200 crore during next three to five years and it would not only cater to the domestic market but also supply to the other overseas markets.”

The Indian market for diagnostic reagents is highly dependent on imports. Almost 80 per cent of the products are brought into the country from the developed world, mainly US and Europe. Apart from catering to the domestic market the company will also look at exporting the products to emerging markets in Asia, Africa, Latin America and West Asia.

“Our association with Trivitron will successfully help the two leading companies to leverage its respective strengths in marketing and manufacturing,” said Antonio Elduque, CEO, Biosystems.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Subdued crude oil prices offer an excellent opportunity for India

    In Mid-June, when most of us probably first heard of the ISIS posing a serious threat to stability in West Asia, international crude oil price suddenl

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Strengthening family farming in India

The United Nations declared 2014 as the International Year of ...

Kuruvilla Pandikattu SJ

Roots and routes as our foundation

Ethnicity and identity linked to both territory and culture. The ...

Gautam Gupta

Don’t let success kill the essence of the concept

In 1999 when my mother started her own label, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture