Liow witnessing exchanging of documents on the joint-venture between Naton Medical Group, People Republic of China represented by its president Zhao (left) and TH Su (right) , Senior Vice-President, Straits Orthopaedics in Putrajaya.
PUTRAJAYA: The cost of orthopaedic products used in major surgeries such as hip and knee replacements can be expected to go down by at least 30% in Malaysia, following plans for local production by a newly-formed RM100mil-joint-venture company scheduled to go into operation early next year.
Sima Medical Sdn Bhd - a collaboration between Chinese company Naton Medical Group and Malaysian outfits OSA Technology Sdn Bhd and Straits Orthopaedic Inc would be located in Penang, according to OSA Technology chief executive officer Dr Hyzan Mohd Yusof who spoke to reporters after the signing ceremony for the joint-venture on Monday.
