São Paulo – Fanem, a Brazilian maker of hospital equipment, especially for neonatology, managed to increase exports by 18% in the first half of this year as against the same period last year, according to information disclosed by the company. This was the half presenting the second most expressive sales result for Fanem. The company mentions among the factors for expansion the current exchange rate in Brazil and the cost-benefit of its line of products.
The factory turns 35% of production to the foreign market. Latin America answered to 45% of purchases in the first half, but the company also exports to Arab countries. Fanem considers a highlight of the half its entrance in the Kenyan market, supplying 400 incubators to the local government, which is modernizing health services in the country. For the second half, the target is to grow 20% in the foreign market.
Last year, Fanem opened a factory in Bangalore, India. The company already exported to the country, which answered to 7% of sales abroad last year.
“We are the first Brazilian company in the electronic product sector to set up a factory in India,” said the company’s executive director, Djalma Luiz Rodrigues. “The results were excellent and this is a reflex of aggressive operation in the markets we selected and in which we have been investing for a long time,” said Rodrigues, in a press statement disclosed by the company.
Total company revenues expanded 12% in the first half as against the same months last year. Fanem is a leader in production of neonatology products and supplies 85% of the domestic market. The company exports to over 90 countries and has an office in Amman, Jordan. The factory is in Guarulhos, in Greater São Paulo, and it also has an office in the city of São Paulo.
*Translated by Mark Ament
