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Turkmenistan - potential new market for Russian-Japanese enterprise

Business Materials 22 June 2020 17:51 (UTC +04:00)
Turkmenistan - potential new market for Russian-Japanese enterprise

BAKU, Azerbaijan, June 22

By Jeila Aliyeva - Trend:

Turkmenistan may become one of the markets for medical equipment of the joint Russian-Japanese enterprise, Trend reports with reference to Turkmenportal Information Portal.

Russian R-Pharm and the Japanese Canon Medical Systems Corporation will сreate a joint company for the distribution and maintenance of medical equipment in Moscow in 2021.

Investments in the authorized capital will amount to 800 million rubles ($11.5 million).

The company will be named RP Canon Medical Systems, LLC and will have its headquarters in Moscow. The company plans to operate in nine CIS countries.

The decision to conduct agreement on a strategic partnership between R-Pharm and Canon Medical Systems was announced at the G-20 summit in June 2019. According to the agreement, the parties will cooperate in the field of sales and service of medical equipment and localization of its production.

Canon is a Japanese company that manufactures products for fixing, processing and printing images, medical diagnostic equipment, and developing solutions in the field of information technology and broadcasting.

The Canon Medical Systems division was formed after Canon purchased the business of developing and manufacturing medical equipment from the Japanese Toshiba Corporation. Currently, Canon Medical Systems operates in more than 150 countries.

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Follow the author on Twitter: @JeilaAliyeva

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