KUALA LUMPUR: Medical beds, peripherals and accessories provider LKL International Bhd is eyeing growth in the local healthcare sector with the distribution of high-value medical devices from the current financial year ending April 30, 2018.
LKL has since June this year distributing Nihon Kohden medical devices, through its 70 per cent-owned joint venture company TMI Medik Group Sdn Bhd (TMG).
Managing director Lim Kon Lian said it experienced encouraging progress in the newly-established medical devices segment, demonstrated by steadily increasing enquiries and product shipments.
“While still at its nascent stages, we are confident of growing the segment to contribute significantly to group performance in the next few years,” he said.
Lim said the inclusion of high-value medical devices strengthens its capabilities to meet a broader set of customer requirements in the sector.
“We would continue to identify and partner with leading brands to strengthen our medical device distribution business. These efforts would help diversify our revenue source and enhance business sustainability for the long term,” he said.
Meanwhile, LKL said its new factory in Seri Kembangan, acquired in April, is on track to commence operations in the second quarter ending October 31, 2017.
It said the factory is currently undergoing renovations, and would support future growth demands by increasing storage capacity and space necessary for new machinery.
The group also expects the arrival of a new computer-numerically-controlled laser tube machine to be outfitted in the new factory.
In total, LKL committed capital expenditure of RM10.5 million for the new factory and machinery, with the majority paid in financial year 2017.