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Volex Group - Essay Example
Finance & Accounting
Pages 8 (2008 words)
Volex is spearheading its growth locally and internationally through various product lines such as power cords, fiber optic cable assemblies, high speed cable assemblies, industry standard cable assemblies and radio frequency cable assemblies. Volex is known in the market to provide engineering design expertise for all associated solutions. …
Volex has identified healthcare sector as one of the most prominent thrust area on a global basis. Rising disposable incomes in the hands of the people in emerging markets, increased awareness and rising living standards have given a great boost to the healthcare market there. Increased average lifespan in the developed countries coupled with greater emphasis on the preventive measures have also caused a huge demand in healthcare sector in this part. Moreover, the current recessionary trend has a little effect on the demand of healthcare sector. That definitely goes well with the company’s healthcare strategy. The company proudly proclaims that Volex has obtained ISO 13485:2003 accreditations this year for its three international manufacturing facilities in Poland, India, and China. The ISO-13485 certifies the design, manufacturing and project management capabilities of medical devices of the company. It establishes product safety, traceability, risk management and design transfer activities in product development. ...
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