GEORGE TOWN: Boston Scientific’s new medical device manufacturing plant in Batu Kawan Industrial Park, which will involve investments running more than hundreds of millions of ringgit, will be operational in the fourth quarter of 2017.
Boston Scientific vice-president (operations) Dave Mitchell told StarBiz the group would move production equipment into the facility in the second quarter of 2017.
“The plant will be operational in the fourth quarter of 2017, and we expect to ship our first “Made-in-Malaysia” product before the end of 2017,” Mitchell said in an e-mail.
The construction of the facility will begin in the first half of 2016 and scheduled for completion in the second half of 2017.
Mitchell said the site and facility were designed to accommodate at least 10 years of growth, including new products, additional volume and added capabilities, which might include research and development (R&D) or distribution.
“We anticipate having more than 400 employees at the Penang site within four years of operation, with room to grow significantly beyond that.
“Initially we will focus on building manufacturing capability and capacity in the Penang facility.
“We have the space and ability for additional capabilities at the site, including both R&D and distribution,” he said.
On the outlook of the global medical device market, Mitchell said that according to research firm Euromonitor, in 2016 the medical device industry was expected to record strong growth of almost 6% to reach US$315bil.
“Unlike the traditional markets such as Western Europe and the US, the Asia-Pacific medical device market is projected to to grow and gain a wider market in 2016,” he said.
Boston Scientific was founded in 1979 and is the worldwide developer, manufacturer and marketer of medical devices.
Its products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, pelvic health, and chronic pain conditions.
The group has 23,000 employess in 40 countries.