Mary Rubbers to set up production facility for medical gloves in Kanjirapally

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Category: Investments

St.Mary Rubbers Pvt Ltd an exporter of centrifuge latex is setting up an manufacturing facility in Kanjirappally near Kottayam in Kerala. The unit would produce 7 million pairs of gloves on a monthly basis and this would be expanded to 40 million pairs in 18 months. The project will entail an investment of Rs. 400 million for phase I and Rs. 1250 million for phase II. The plant will make surgical gloves and will market under the brand 'Medismart'. The company plans to export 75% of the production.

Fortis Healthcare raises funds for Gurgaon Medicity and Shalimar Baug projects

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Category: Investments

Fortis Healthcare which is aggressively expanding through organic ways – by green field projects and inorganic route – through acquisitions, contracts is plannign to raise funds to the tune of Rs.4500 million through bank loans. Its Gurgaon Medicity project which is a 450 bed hospital is slated for commissioning by end 2011. It may be noted, the company had acquired 10 Wockhardt Hospitals last year.

Manipal Acunova to raise investment

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Category: Investments

Manipal Acunova has raised Rs.300 million from US based investment firm Orbimed for expansion. The company has also recently acquired German based Ecron Acunova , a German clinical research company which has 20 years experience in Europe. The company has an equity base of Rs.600 million.