KUALA LUMPUR (June 28): Smith+Nephew, a global medical technology company, has opened a new high-technology manufacturing facility in Batu Kawan Industrial Park in Penang, with an investment worth over US$100 million (US$1=RM4.39). It said the facility would primarily support the company’s orthopaedics business, which is expected to grow strongly in the Asia Pacific region. Meanwhile, Arham said the facility is the company’s first manufacturing venture within Southeast Asia, demonstrating the ability in attracting renowned medical device manufacturers into Malaysia. He added that construction of the approximately 23,225.76 square metres facility started in March 2020 and was completed last year. Smith+Nephew is a portfolio medical technology company founded in Hull, United Kingdom in 1856, focusing on the repair, regeneration and replacement of soft and hard tissue.

Source: The Edge Markets June 29, 2022 01:44 UTC