CHENGDU, Feb. 5 (Xinhua) -- Australian company Cochlear Ltd., the world's leading cochlear implant producer, held a ceremony to lay the foundation stone for its first manufacturing plant in China on Thursday.
With production expected to commence within the next three-and-a-half years, the manufacturing facility in Chengdu, capital of southwest China's Sichuan Province, will raise Cochlear's global cochlear implant production by at least 50 percent, according to a company statement.
The hearing devices manufactured in Chengdu will mainly serve the Chinese market, and are expected to lower the overall price of these products in China, the company said.
Cochlear will also collaborate with the Sichuan Innovation and Entrepreneurship Promotion Association to promote a Sino-Australia International Hearing Hub in Chengdu, which will conduct research on cochlear implant technology and develop hearing-loss solutions tailored for the Chinese market.
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