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Our Bureau

Bangalore, May 24

EuroCOR, the wholly owned subsidiary of Opto Circuits (India) Ltd, manufacturer of healthcare equipments, has signed a distribution agreement with a distributor in Brazil to cover the Latin American markets for marketing its drug-eluting stent Taxcor.

The deal is worth over Rs 13.5 crore. The company has also bagged another order from Egypt for Rs 1.30 crore. With these, the total orders booked during the month total Rs 14.8 crore. Taxcor received CE approval for its marketing and sales in March. Mr Vinod Ramnani, Chairman and Managing Director, Opto Circuits (India), said, "There is huge potential in the Latin American markets and we are in talks with distributors in Europe and the Far East. The global potential is expected to be about $10 billion by 2008 and we are expanding geographically to capitalise on the market potential."

More Stories on : Alliances & Joint Ventures | Channels and Franchises | Medical & Surgical Equipments

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