PENANG: UMediC Group Bhd, a prominent medical devices marketing and distribution provider that also manufactures its own range of medical consumables, announced that its wholly-owned subsidiary UWHM Sdn Bhd has signed a lease agreement with Penang Development Corporation (PDC) for a 3.06-acre industrial land located in Batu Kawan Industrial Park 3, Penang.
The land will be leased from PDC for 60 years.
The lease consideration of RM11.4 million, to be paid in tranches, will be funded through a combination of internal funds and bank borrowings.
The industrial land will be utilised to house a new manufacturing facility to support the group’s manufacturing segment as part of its expansionary roadmap to serve its growing customer base and enhance the manufacturing capabilities of its product portfolio.
This acquisition is a direct response to sustained demand for the group’s medical consumables and reflects its commitment to scaling its manufacturing platform to better support future volume expansion, product diversification, and overall operational resilience.
Upon completion, the new facility is expected to substantially enhance UMC’s production capabilities and will primarily be allocated to producing its new products, providing additional headroom for its existing manufacturing facility to ramp up production of its HydroX series Prefilled Humidifier.
UMediC executive director and CEO Lim Taw Seong said this announcement is a strategic step to strengthen the company’s manufacturing foundation and support the group’s long-term growth plans.
“As demand for our medical consumables continues to grow, expanding our production capacity is necessary to ensure scalability, operational efficiency, and supply reliability.
“The new facility will enhance our ability to support future volume growth and product expansion while reinforcing our position as a vertically integrated healthcare solutions provider.
“We view this expansion as an important enabler for the next phase of our expansion and value creation,” he said in a statement.
