#Industry News
The Chinese Academy of Sciences and Weigao signed a research and development framework agreement
Founded in 1988, WEGO started a disposable infusion sets business with tax revolving fund of RMB 25,000.
At present, it works on developing medical devices and pharmaceuticals as its main business, while expanding the architectural engineering, finance and other businesses. With more than 80 subsidiaries, 2 listed companies, and more than 30,000 employees, WEGO Holding Co., Ltd., which covers an area of more than 6 million square meters, consists of WEGO Group, WEGO Architecture Engneering Group and WEGO Financial Holding Group. WEGO has 7 industry groups including medical products, blood purification, orthopedics, medical equipment, pharmacy, intracardiac consumables, and medical business. Main businesses of the architecture engneering group include the real estate, building materials, hotels, food and tourism; main businesses of the financial holding group are asset and fund management, credit, equity investment, and securities management. Main products of WEGO are infusion sets, syringes, blood transfusion equipment, intracardiac consumables, IV catheters and special needles, blood purification equipment and consumables, orthopedic materials, operating equipment and accessories, trauma care, surgical robots, minimally invasive instruments and equipment, ICU products and accessories, high-capacity injections and other pharmaceuticals, renal products, biological diagnostic reagents, surgical sutures, dental implants, sense control equipment and consumables, PVC & non-PVC materials and so on. With more than 1000 varieties of products provided in more than 150,000 specifications, WEGO’s medical instruments now have entered into 11 fields out of 15 segmented markets, becoming one of the most safe and reliable suppliers of medical system solutions in the world. WEGO has won the honorary titles such as Industrialization Base of Achievements of National High-tech R&D Program of China (863 Program), National Torch Plan Key High-Tech Enterprise, National Intellectual Property Demonstration Enterprise, Leading Enterprise of China's Industry, Top 500 Chinese Enterprises, Top 500 China Credit Enterprises, Top 500 Private Enterprises in China, National Contract Abiding and Trustworthy Enterprise, National Independent Innovation Demonstration Unit, National May 1st Labor Certificate, China Grand Awards for Industry, National Advanced Enterprise Applying Excellence Performance Model, Shandong Governor Quality Award, Chinese Quality Award Nomination and Global Performance Excellence Award. Weihai Blue Ocean Bank Co., Ltd. is approved to operate by the China Banking Regulatory Commission. In 2019, it ranked No. 381 among the top 500 Chinese enterprises, and No. 181 among the top 500 Chinese manufacturing enterprises.
