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Essel Propack: Acquisition In Medical Devices

Essel Propack (Mumbai / India; is strengthening its medical device operations. On 1 April, its US subsidiary Tacpro acquired Catheter & Disposables Technology (Minneapolis, Minnesota / USA), a manufacturer of disposable medical devices and laminated film packaging, from CardioTech International ( for USD 1.2m. The Indian company reported 2007 sales up 3% against 2006 at EUR 185m, while EBIT fell slightly  to EUR 32m. Net profit declined to just over EUR 9m from EUR 17.6m due to high start-up costs
for facilities in Poland and the US.


Medical Devices, The Next Big Step For Semiconductor Makers

Semiconductors, silicon chips that run mobile phones, game consoles, photo copiers, television sets and almost all other electronic devices are in search of a saviour-a killer application that can maintain its magic run that began with the personal computer and consumer electronics booms in the 1990s.

And, it seems, medical applications-growing at 12% annually, higher than any other semiconductor application, according to market research firm Databeans Inc.-could well be the knight in shining armour.

"The industry is looking for the next big thing; everybody is searching to find efficiencies in their businesses-improve productivity and reduce cost," says Jaswinder Ahuja, corporate vice-president and managing director of Cadence Design Systems India Pvt. Ltd and chairman of industry lobby Indian Semiconductor Association (ISA).

For these reasons, even though medical semiconductors comprise just about 1% of the global industry-and projected to reach $266.6 billion (Rs11.4 trillion) this year, according to the Semiconductor Industry Association, a US grouping-ISA assigned medical electronics top priority
at its annual summit earlier this year. Ahuja says the sector offers unique opportunities in India, which has the need as well as the capability to address it.

The industry has begun chipping at the opportunity. Texas Instruments Inc., or TI, recently unveiled a new class of chips for portable to high-end ultrasound diagnostic equipment, which the company says allows better image quality and reduced power consumption.

In April, TI signed an agreement with the Indian Institute of Technology (IIT), Kharagpur, to develop semiconductor technologies for health-care applications-the first association for the company with an IIT in this area, according to Biswadip Mitra, managing director, TI India.

GE Medical Systems Information Technologies Pvt. Ltd in Bangalore is currently evaluating this chip for its forthcoming portable ultrasound products, for India as well as the global market.


Other News

Johnson & Johnson expects growth in hip replacement products, medical devices through 2012
Solvay Advanced Polymers Commissions New PEEK Plant in India
Trivitron JVs with intl cos. to set up India's first Medical Technology Park (MTP)
Medical Devices Made with Tainted Heparin Recalled by Medtronic
Italy-India forum focuses on technology co-operation
Global medical nonwoven disposables market to reach $12 billion by 2010
German firm invests Rs 110 cr in India
Biocon Launches Pre-Filled Safety Syringe
Siemens To Install India's 1st Magnetom Essenza At Aatmajyoti MRI Center
FDA Claims To Approve Medical Devices Faster





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