GE Healthcare Wuxi celebrates its 20th anniversary and accelerates its localization strategy

The celebration ceremony for the 20th anniversary of the establishment of GE Healthcare Wuxi with the theme of “Industry-University-Research and Development, Localization and Innovation” was held in Wuxi. Wuxi is the pioneer of GE Healthcare's commitment to the Chinese market and its commitment to localization. After 20 years of hard work, GE Healthcare has achieved the Chinese ingenuity of GE Healthcare. At the celebration, GE Healthcare announced that it has signed a strategic cooperation agreement with Wuxi People's Hospital for “production, learning and research”. The two sides will carry out all-round cooperation in the fields of personnel training, scientific research cooperation and clinical evaluation to help promote the upgrading of the medical industry. At the same time, GE Healthcare announced that its local production of ultrasound equipment exceeded 100,000 units, with actual actions to accelerate the localization of GE medical services, serving the Chinese market and benefiting more grassroots people.

The pharmaceutical industry has entered a new normality since 2015. The medical industry faces severe challenges such as uneven resource allocation, population aging and urbanization acceleration, and the grassroots market continues to expand. The medical industry is still developing rapidly, and innovation will become the first driving force for the development of medical devices. GE Healthcare is deeply aware of the major challenges facing China, steadily advancing China's strategy, and taking innovation as the driving force to accelerate localization in all aspects of products, channels, services and supply chains, and work together with partners to drive the upgrading of the medical manufacturing industry.

GE Global Vice President and President and CEO of GE China Duan Xiaoyu said: "The transformation and growth with China's economy is the core of GE's healthcare strategy. Our growth in China stems from the development needs of China's economy. GE wants to participate deeply in the Chinese economy. In the process of reform and transformation, we have contributed our expertise and strength. GE Healthcare Wuxi has been rooted in Wuxi for 20 years, not only bringing the world's leading technology to China, but also affecting the world with the local team 'intelligence', 100,000 ultrasound products will be better Serving primary health care services in China and around the world. This cooperation with Wuxi People's Hospital will enable us to truly integrate the actual needs of Chinese customers, innovate to create more grounded products and services, and provide cooperation and comprehensive solutions. Helping to address China's unique medical industry challenges."

GE Healthcare Wuxi Company's 20th Anniversary Ceremony

Ingenuity for 20 years, GE Wuxi and China's medical industry grow together

As the founder of GE Healthcare China's localization, GE Healthcare Wuxi has witnessed the historical process of China's manufacturing strategic transformation, and has also spawned the development concept of “Creating for China”. After 20 years of hard work, GE Healthcare Wuxi has grown from a pure product assembly factory to a diversified enterprise with 7 major product lines, customer service centers and talent training centers, and with global research and development capabilities and advanced manufacturing capabilities. These have made Wuxi a strategic location for GE Healthcare's localization process from product development, local supply chain, local procurement to local talent training.

Local R&D creates world-class “Chinese products”. As one of GE Healthcare's four economic center of excellence, GE Healthcare Wuxi has a world-class R&D team of nearly 300 engineers. They continue to build innovative technologies in the industry and are truly “world-class” Chinese product research and development bases. As of 2015, GE Healthcare's Wuxi team has invested more than RMB 1 billion in research and development, and has 104 international and domestic patents and 65 new products. As the world's largest ultrasound research and development base, GE's self-developed high-end notebook color is the world's leading level, and its flat-panel color-filled Venue 50 and portable color-over Vscan lead the industry's clinical application trend.

Local procurement to create the strongest supply chain. GE Healthcare Wuxi has established cooperation with nearly 300 suppliers in China to achieve more than 90% of localized procurement. Among them, ultrasonic host has achieved 100% local R&D, 100% localized procurement and 100% localized production, not only becoming a multinational company. Deeply cultivating China's model, it has also boosted the local suppliers' technology development and innovation capabilities. At the same time, through the advanced management concepts of lean production, quality control, and process regulation, the local supply chain based on the Yangtze River Delta region has been fully developed. It provides a broader international stage for Chinese companies to expand their global business. At present, the output of GE Healthcare Wuxi continues to grow at an annual rate of 15%, and its products are sold to the US, Europe, Japan and other international markets. Wuxi has become GE's largest ultrasonic production base in the world and GE's largest probe production base in the world. More than one-third of GE's ultrasonic products sold worldwide are from Wuxi.

Develop local culture and build a complete talent system. Behind the advantages of localized research and development, GE Wuxi attaches great importance to the cultivation of localized talents. Up to now, the company has formed a complete talent system from engineering technology, medical clinical, regulatory quality management to supply chain management, and achieved systematic and multidisciplinary coordinated development. At GE's largest ultrasound team in Wuxi, 100% of employees from ordinary employees to management were employed.

General Manager and Director of GE Healthcare Wuxi officially delivered the 50,000th portable notebook color ultrasound system LOGIQ e to Taicang People's Hospital

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