Business Daily from THE HINDU group of publications
Saturday, May 17, 2008 ePaper | Mobile/PDA Version
|
Business Daily from THE HINDU group of publications Saturday, May 17, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
||
|
Update at 1900 hrs (IST)
Corporate Agappe Diagnostics eyeing high growth KOCHI: Medical diagnostics company Agappe Diagnostics Ltd., said on Saturday said it was eyeing a 300 per cent growth this fiscal. The company was expecting a turnover of Rs 80 crore this year, which would result in the targeted 300 percent growth, said Mr Thomas John, Managing Director, Agappe Diagnostics. Last year, the growth was over 100 per cent, he said. Due to appreciating Euro and high manufacturing costs in western countries, there were problems in reducing prices. "However, with acquisition of technology, we hope to take advantage of low manufacturing costs in India," he said. As part of its expansion spree, Agappe was now engaged in exporting to countries in the Middle East, Europe and Africa, he said. "To focus more on exports, Agappe is establishing its own subsidiary in Dubai called Agappe Middle East LLC which will functi on as a separate entity catering to exports," he said. The Thane based company has moved its entire production facilities to the newly constructed state-of-the-art factory at Pattimattom in Kerala's Ernakulam district. Agappe has launched a compact fully automated clinical analyser, manufactured by a Japanese firm. Already launched in the US and European markets, it was being launched in India for the first time, Mr Thomas said. - PTI
Prev: Rupee drops on inflation data Business Line | NUS Index | |
Related Topics Alliances & Joint Ventures Announcements Auditing Awards & Honours Bonus Announcements Company Law Corporate Bonds Corporate Disputes Corporate Governance Courts/Legal Issues Diversification Environment Human Resources Interview IPOs IPR Management Mergers & Acquisitions New Projects Open Offers Outlook Outsourcing Overseas Borrowings Overseas Investments People Performance Preferential Allotments Private Placement Regulatory Bodies & Rulings Research & Development Restructuring Rights Issue Sick Units Society & Development Standards & Benchmarks Taxation Trade & Labour Unions |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line
|