KUALA LUMPUR: LKL International Bhd’s (LKLIB) subsidiary, LKL Advance Metaltech Sdn Bhd (LKLAM), has signed a distributorship agreement with Komarkcorp Bhd’s subsidiary, Komark Mask (M) Sdn Bhd, to sell and distribute Komark Mask’s disposable medical grade face masks worldwide.
In a filing with Bursa Malaysia, LKLIB said both parties targeted to secure a significant slice of the regional market for the disposable masks and personal protective equipment (PPE), which researchers have projected to grow up to US$2bil by 2026.
“With growing reticence from Western economies to purchase China-made masks due to quality assurances and the ongoing trade war, Malaysia has the opportunity to stamp its mark on the global PPE and disposal masks market.”
LKLIB is a market leader in supplying medical beds, healthcare accessories and other medical peripheral products, and has developed markets across 30 countries. — Bernama