Shanghai's Mafacare Medical Holding Group plans to build a dental medical equipment production base in Jiangqiao town of Jiading, according to a recent report at the signing ceremony for project cooperation between the two parties.
Mafacare Medical Holding Group, founded in 2002, is engaged in hospital investment management and R&D and production of medical equipment. Given the fact that dental equipment is in great demand in the domestic market, the group intends to buy over 10 mu (6,670 square meters) of land and build a production base in Jiangqiao. With a total investment of 360 million yuan ($58.5 million), the base will include an office building, R&D workshops and production plants. After the base finishes construction, the group will relocate its current departments in Pudong New District to Jiangqiao. It is expected to create 300 job positions by then.