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Vicplas banks on construction, medical devices for recovery

Lim Hui Jie
Lim Hui Jie1/6/2022 08:22 PM GMT+08  • 8 min read
Vicplas banks on construction, medical devices for recovery
Vicplas, being in both the construction and medical devices business, is in an interesting position as it rides out the pandemic.
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The pandemic has made entire industries and companies to be either winners or losers. Medical and essential prod­ucts suppliers sit on record earnings while construction firms, ho­tels and airlines nurse their wounds.

Interestingly, contract manufactur­er Vicplas International finds itself straddling both ends of the spectrum. On one hand, it manufactures pipe and pipe fittings used by the construc­tion sector, which suffered prolonged periods of work stoppage. On the oth­er hand, the company makes medi­cal devices under subsidiary Forefront Medical, which is enjoying steady growth and contributing to a bigger proportion of the company’s earnings.

While there were periods of varying demand for the company’s products, Vicplas now finds itself in an interest­ing position of seeing brisk business for both its medical equipment and pipes.

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