Siemens to Manufacture Radiopharmaceuticals in India

BANGALORE, INDIA--August 12, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Siemens AG (NYSE:SI) (Munich, Germany) is gearing up to begin manufacturing radioactive pharmaceuticals, also known as radiopharmaceuticals, in India. The company has established a production facility in Chennai and plans to set up four or five more manufacturing plants in the country over the next two years with investments of $3 million to $4 million for each facility.