The occasion was graced by the attendance of Y.A.B. Tuan Chow Kon Yeow, Chief Minister of Penang, who said: “On behalf of the Penang State Government, I wish to congratulate Smith+Nephew on this milestone – ground-breaking of its first South-East Asia manufacturing facility. The medical technology and devices industry is playing an increasingly important role in Penang. Today, including Smith+Nephew, 8 out of 30 top global medical devices companies, based on 2018 revenue, are operating or have announced their investments in Penang. I foresee that Penang will continue to gain traction in attracting global players in the medical devices industry.”
The 250,000 square-foot new facility will primarily support Smith+Nephew’s Orthopaedics franchise, which has been growing strongly in the Asia Pacific region, creating up to 800 new local jobs over the next five years. This will include roles in manufacturing, engineering and supply chain.
Mark Gladwell, President of Global Operations, Smith+Nephew, who opened the ground-breaking ceremony, said: “We are delighted to start work on this new facility which will be an important addition to our global manufacturing footprint. I look forward to seeing the development of the new site, and, as we move forward, welcoming new employees to Smith+Nephew.”
Dato’ Azman Mahmud, Chief Executive Officer of MIDA, also in attendance, said: “We are proud that Smith+Nephew has recognised Malaysia as an ideal home to meet its burgeoning regional demands. Given the vibrant business environment prevailing in the country, we are optimistic that Smith+Nephew will benefit from the established ecosystem and facilities that Malaysia and specifically Penang, offers. The presence of Smith+Nephew will contribute to raising the standard of our medical devices industry and in turn, lift Malaysia to centre stage in the global investment arena of medical technology manufacturing.”
|Francesca Dunning||+44 (0) 1923 477314|
Smith+Nephew is a portfolio medical technology business that exists to restore people’s bodies and their self-belief by using technology to take the limits off living. We call this purpose ‘Life Unlimited’. Our 17,500+ employees deliver this mission every day, making a difference to patients’ lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global franchises of Orthopaedics, Advanced Wound Management and Sports Medicine & ENT. Founded in Hull, UK, in 1856, we now operate in more than 100 countries, and generated annual sales of $5.1 billion in 2019. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The terms ‘Group’ and ‘Smith+Nephew’ are used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise.
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