# Boston Scientific invests R$ 95 million in Contagem factory expansion

Boston Scientific is investing R$ 95 million to expand its factory in Contagem, Brazil, adding 7,000 m² of space and tripling production of aortic valves from 20,000 to 60,000 units per year. Construction started and is expected to finish by end of 2023, with operations beginning January 2024.

- Type: Expansion
- Announced: 2023-08-22
- Where: Contagem, Minas Gerais, Brazil
- Value: $19.0M (95.0M BRL)
- Jobs: 922
- Starts operating: Jan 2024
- Status: under construction
- Capacity: 60,000 aortic valves per year
- Products: Acurate neo 2 aortic valve for transcatheter implantation
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Boston Scientific](https://endata.com/companies/15966.md)

## Sources

- [diariodocomercio.com.br](https://diariodocomercio.com.br/economia/boston-scientific-investe-95-milhoes-na-fabrica-de-contagem/), 2023-08-22: "A Boston Scientific está investindo R$ 95 milhões na ampliação de sua fábrica em Contagem."

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