KUALA LUMPUR: Global medical technology company, Edwards Lifesciences Ltd is setting up its second regional business hub in Kuala Lumpur and will be investing RM100mil over the next five years.
The California based company with a market capitalisation of US$37bil said that currently there are two Malaysian companies who are their global suppliers - Supercomal Medical Products Sdn Bhd, which is a 100% owned subsidiary of Supercomnet Technologies Bhd
, as well as SteriPack Asia Sdn Bhd.
"Supercomal has been supplying to Edwards for the last ten years,” said Edwards Lifesciences Corporate Vice President for Japan, Asia and Pacific (JAPAC), Huimin Wang.
“They are our global suppliers. We have an existing business relationship with them. We have no plans to change our suppliers,” said Edwards Vice President, Strategy and Marketing (JAPAC) Jeremy J. Curtis.
Presently, the JAPAC region contributes some US$600mil or 16% to Edwards Lifesciences 2018 revenue. The company made US$3.7bil last year.
Curtis said that the Kuala Lumpur business hub would provide key support functions such as finance, IT, supply chain, human resource, digital health and marketing across tthe JAPAC region.
Also present at the launching of Edwards Lifesciences business hub was Deputy Minister of the Ministry of International Trade and Industry Ong Kian Ming and United States Ambassador to Malaysia Kamala Shirin Lakhdhir.