British firm to manufacture disposable medical...
„Signs agreement with BOI to set up US $ 10mn manufacturing plant
Aleading UK manufacturer recently entered into an investment agreement with Sri Lanka’s Board of Investment (BOI) to manufacture disposable medical devices in Sri Lanka.
Flexicare (Group) Limited is a UK headquarted manufacturer and supplier of medical devices, with subsidiaries in over 12 countries and two manufacturing sites, providing disposable medical consumables to over 110 countries.
“We are a privately owned British company, which has been in existence for 20 years. Our products include anaesthesia and respiratory products such as oxygen masks and nebulizers,” Flexicare (Group) Limited Chairman Ghassem Poormand said.
“Flexicare products are exported to 110 countries. The group has subsidiaries in the USA, Germany, Japan, the Netherlands, Italy, Australia, India, China, South Korea and Malaysia.”
Flexicare Lanka was established in 2018 with a view not only to build a new bespoke operation in the heart of Sri Lanka, that will seek to support both the local market, which Flexicare has been supplying with its exclusive distribution partner Technomedics International (Pvt.) Ltd for more than 15 years but also the international healthcare arena that Flexicare is active in.
The project, which will be located in Bandaragama, is expected to represent an investment in excess of US $ 10 million over the course of the coming years and will create 600 new jobs in the region, in what is the first medical device manufacturing of its kind in the country, with a fully-integrated operation.
Flexicare said Sri Lanka was chosen as for its third manufacturing site due to the excellent infrastructure and forward investments in the country as well as its access to a world-class export port that will serve the global markets that Flexicare is active in.
“Manufacturing has been done in China since 2003 due to the expansion and growth of the business. We decided to manufacture in Sri Lanka due to market access to South Asia and South East Asia,” Poormand stated.
“In Sri Lanka, the manufacture will initially be for items such as oxygen masks, nasal capula, aerosol products and later be expanded to anaesthetic products.”