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.
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.
