Last Updated: 5 May 2023
Key Info
Founded: 1993 | SGX Listing: 1999 (Sesdaq), 2009 (Mainboard) | SGX: 569 | FY End: 31 July
Industry(s): Medical Devices Developer & Manufacturer, Piping Systems Manufacturer & Distributor
Global Headquarters: Singapore
Total Employees: 1000+ (Worldwide)
Website: https://www.vicplas.com/
Medical Devices Segment (MDS)
Description: Forefront Medical designs, develops and manufactures sterile and non-sterile medical devices. Our vision is to be a leading global medical device manufacturing partner with solutions that are preferred by product owners.
Headquarters: Singapore
Production Bases: Singapore; Changzhou, CN; Xiamen, CN; Kington, UK
Commercial Operations: Singapore; Shanghai, CN; Kington, UK; Connecticut, USA
R&D: Singapore
Total Employees: 900+
Portfolio: Vascular, Pharmaceutical Bottles, Surgical Devices, Respiratory, Orthodontics, Airway Management, PPE Gowns / Nasal Swabs, Endoscopy, Drug Delivery, Diagnostic
Business Outlook:
- Priority is to build strong capabilities to provide attractive solutions to customers and improve global manufacturing footprint to give customers more choice and risk diversification.
- Segment’s performance may continue to experience continued cost pressures as well as customers requiring changes to their currently established global supply chains.
- Cautious about the rate of growth given current international trading conditions and geopolitical uncertainties.
- However, will continue strong focus to improve manufacturing capabilities, product mix, new plant utilisation and additional investments in sales and marketing to underpin future growth.
Pipes and Pipe Fittings Segment (Pipes)
Description: Vicplas Pipes is a leading solutions provider in the plastic pipe manufacturing industry. Our uPVC piping systems are found in a majority of residential homes across Singapore. Our market leadership is built on the quality and reliability of our products. They are commonly found in Plumbing and Electrical Works across residential, commercial, institutional, industrial and other buildings; and Civil Engineering Works ranging from telecommunication and power grid pipelines to infrastructure works.
Headquarters: Singapore
Production Bases: Singapore; Malaysia
Commercial Operations: Singapore; Malaysia
Employees: 100+
Product Applications: Residential homes, Commercial buildings, Institutional buildings, Industrial / Others, Hydro-Agriculture, Telecommunication pipelines, Power grid pipelines, Infrastructure works
Business Outlook:
- Well-positioned to cater the increase in demand for products expected from the announced increase in public housing units to be launched over the next two years.
- Segment will continue focus on civil engineering projects and product expansion.
- Overall, segment expects to continue growing revenue for the rest of FY2023, although challenges in the current operating environment like inflationary pressures, credit exposures and prices competition remain.
- Will continue to maintain high level of cost discipline and further boost operational efficiencies through continuous innovation and improvement.
Information sourced from Vicplas Financial Statements and Related Announcements on SGXNet