B Braun establishes new worldwide investment programme
Posted on 07/01/2010 in Medical Company Financials
B Braun has announced the establishment of a new worldwide investment programme that will allow for the development of new production facilities, as well as the expansion of existing sites.
The medical device company explained that the initiative is worth a total of 1.6 billion euros (1.4 billion pounds) and will be operational between 2011 and 2014, noting that all projects in its current investment scheme will be completed by 2011.
In a statement, the firm - which increased its workforce to 38,132 from 35,810 in the 2008 financial year - noted that the term of the programme cannot yet be definitively named due to the fact that it will be financed by the company's operating cash flow.
Professor Ludwig Georg Braun commented: "We want to finance the planned projects ourselves. How quickly we are able to implement them depends on how successful the company is in the next few years."
