From pipes to medtech, Vicplas International eyes expansion in China and Americas
DESPITE nervy times in China, mainboard-listed Vicplas International : 569 0% will stick to its plan to open its third and latest medical technology (medtech) manufacturing outlet in Changzhou next month — ramping up its medical devices production capacity in the country by 60 per cent.
It currently already operates 2 medical devices manufacturing plants there: one in Changzhou and another in Xiamen.
“Quite frankly, we’ve maxed out the capacity in our other (Changzhou) plant. We have a number of projects that are reaching the end of their commercialisation phase,” said deputy group chief executive officer of Vicplas International, Walter Tarca.
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