Sanmina-SCI Israel Medical Systems Ltd, a fully owned unit of Sanmina-SCI Corporation (Nasadaq: SANM) is building a factory in the southwestern Chinese city of Suzhou. The company is believed to be investing $10 million in building the plant.

The Ma'alot based company develops and produces high-tech medical device systems for leading global companies such as General Electric, HP, Philips Medical Kodak and Applied Materials.

Sanmina acquired the activities of Elscint Medical in 2003. In the wake of the acquisition the northern plant became Sanmina's R&D center in Israel and today the Ma'alot factory has 400 employees.

Estimates are that Sanmina-SCI Israel Medical Systems revenue fell to $150 million in 2009. The company hopes that the new Chinese plant will help it reach sales of $200 million within five years. The company also hopes to diversify into solar energy products.

Published by Globes [online], Israel business news - www.globes-online.com - on May 25, 2010

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