# Alvimedica to build $370M manufacturing plant in Turkey

Turkish interventional cardiology firm Alvimedica plans to invest around $370 million to build a new manufacturing plant in Turkey, its third, to meet demand for its Cre8 drug-eluting stents and balloons. The investment will be supported by Turkish government incentives.

- Type: New facility
- Announced: 2018-05-17
- Where: Turkey, Türkiye
- Value: $370.0M
- Status: announced
- Products: drug-eluting stents, balloons
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Alvimedica](https://endata.com/companies/28157.md)

## Sources

- [insights.citeline.com](https://insights.citeline.com/MT122689/Turkeys-Alvimedica-Ramps-Up-Global-Expansion-In-Interventional-Cardio/), 2018-05-17: "Alvimedica is pumping around $370m into the construction of a new manufacturing plant in Turkey – its third to date – to meet what it believes will be increasing demand for its Cre8 family drug-eluting stents and balloons."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.