Recently, the approved Medtronic Weigao Orthopaedics Ienstrument Co., Ltd, jointly invested by Medtronic and Shandong Weigao Group Medical Polymer Co. Ltd, was officially set up.

The company totally invested USD26.38m with registered capital of USD21.10m. Among them, Medtronic contributed USD10.76m, accounting for 51% of the registered capital.

The company mainly engages in such businesses as sales, distribution as well as import and export of the first, second and third sort of medical devices and bone surgery set products.

Medtronic, Inc, one medical technology company taking the leading position worldwide, was founded in 1949.

The company presently conducts business in more than 120 countries with over 30,000 staff, ranking the 235th among US 500 Fortune enterprises in Fortune and the 71st among 100 US excellent employers. Bases on the investigation of Businessweek, the market value of shares of Medtronic, Inc ranks the 54th among 1000 global largest companies.