Philips unveils new ventilator, seeks to produce 4,000 a week by Q3

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Philips unveils new ventilator, seeks to produce 4,000 a week by Q3

John R. Fischer, Senior Reporter | April 15, 2020
Business Affairs European News

"In line with Philips' mission, we are fully committed to helping as many healthcare providers as possible diagnose, treat and monitor the growing numbers of COVID-19 patients," said van Houten. "We have been mobilizing as a company to do so since January. The collaboration with our trusted partners Flex and Jabil will rapidly expand our hospital ventilator production capacity, and reinforce the supply chain to enable the ramp-up to a production of 4,000 hospital ventilators per week by the third quarter.”

Philips is working with U.S., European and Asian suppliers to ensure it has access to an uninterrupted supply of more than 650 different components needed for assembling its hospital ventilators, and is investing in several tens of millions of additional tools and molds, final assembly lines and test facilities to increase ventilator production.

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The company has hired extra manufacturing employees to help complete 24/7 shifts around this effort and continues to work with governments, health authorities and relevant industries to expand production and facilitate shipments. It is encouraging fair allocation of medical equipment to meet acute patient needs, and may divide orders into batches to be delivered in phases, to simultaneously serve multiple countries and regions in need.

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