Forefront Medical Technology (wholly owned subsidiary of Vicplas)
Company Description
Forefront Medical Technology provides design and manufacturing of medical and diagnostic devices.Their extensive knowledge of materials, vertically-integrate d production resources and cost effective automation expertise, coupled with product design and in-house tool making capabilities, provide a one-source contract manufacturing solution.
Welcome to Forefront Medical Technology
Forefront Medical Technology focuses exclusively on the medical device industry and thoroughly understands the needs of this market. As a specialty contract manufacturer with a focus in disposable diagnostic, drug infusion and medical device systems,
Forefront Medical has extensive expertise with injection molding, extrusion, assembly and packaging of specialty medical disposable devices. In addition, Forefront Medical Technology' s technical expertise extends into collaborative product design and development, rapid SLS prototyping, in-house tool making and isolated clean rooms for manufacturing, assembly and packaging. Capabilities also include sterilization and global logistics to provide one integrated source for the total supply chain. This world
class supplier has the expertise to custom design a new product... or redesign the current one... from a conceptual drawing into a completely manufactured, packaged and sterilized product, ready for global shipment. Forefront Medical Technology employs approximately 419 employees and was established in the year 2000.
Above write up taken from Forefront site.
Last edit: 4 years 9 months ago by josephyeo. Reason: paragraphing
Vicplas is likely to be one of the few companies that will gain from the corona virus issues. Their main businesses are medical devices n pipes n fittings. Their medical devices are represented by 2 companies in China:
- Forefront (Xiamen) Medical Devices Co., Ltd and
- Forefront Medical Technology (Jiangsu) Co., Ltd in China
Medical devices are basic needs in all hospitals n clinics. With so many hospitals opening in China, the company is likely to enjoy the upsurge in demands. As the corona issues started in late december, the results will only show in the later quarters ... feb to april.
Just sharing my thoughts. Dyodd
Note: the medical devices sector in Vicplas have been showing progress long before the corona virus issues. It contributed to $2.8 mil profit in the last season.
This company (Vicplas) could be am overlooked company selling medical
devices to hospital. With the huge number of hospitals being build, this
company should benefit from it.
Note that the company was already profitable before the corona virus issues.
It makes a profit of $2.8 mil from medical devices in its latest report. The other sector that the company is in Pipes n Fittings contributed another $1.4 mil.
The forthcoming results which cover the months of Nov ' 19 to Jan ' 20 may not
show much improvements as the virus issues were identified only in Dec ' 19.
Improved results should show in subsequent quarters ... Feb ' 20 to April ' 20 and again in May ' 20 and July ' 20. The financial year is from Aug to July.
Above are just my perceptions n i could be wrong. Dyodd.
