When complete, it will employ an estimated 300+ people in a 95,000 square foot facility.
Rendering of PRIMED's manufacturing facility in Vientiane, Laos. (Credit: PRIMED Medical Products)
Edmonton-based PRI·MED Medical Products (PRI·MED), a worldwide leader in manufacturing single-use medical personal protective equipment (PPE) including face masks, gowns and examination gloves – has today announced the development of a new manufacturing facility in Vientiane, Laos. The new location broke ground in February 2020 and is expected to be operational in the first half of 2021.
The development and construction is wholly-owned by PRI·MED. When complete, it will employ an estimated 300+ people in a 95,000 square foot facility.
“The Government of Canada is pleased to see another substantial, long-term investment in Laos by a reputable Canadian firm with a successful track record,” said Dr. Sarah Taylor, Ambassador of Canada to Laos. “With its manufacturing know-how and socially responsible business practices, PRI·MED is exactly the kind of quality investor Laos has been seeking to diversify its export production and tap into global value chains.”
PRI·MED has successfully operated Wholly Owned Foreign Enterprises (WOFEs) in China since 2007, employing close to 900 workers and providing high-quality medical products to their global customer base. In recent years, due in part to its membership in the ASEAN Economic Community, Laos has emerged as one of the fastest-growing locations for foreign-operated manufacturing, primarily in exports of electronics, telecommunication and electrical equipment. The value of manufacturing exports nearly tripled in the five years between 2013 and 2017 from USD $270 million to USD $780 million.
“Our new Laos manufacturing facility affirms PRI·MED’s commitment to our continued global leadership in the manufacturing and supply of high-quality face masks and isolation gowns,” said David Welsh, President and CEO of PRI·MED. “COVID-19 is reaffirming the significance of a diversified supply chain. Vertical integration of key input materials and expanding our manufacturing footprint are important strategies in strengthening PRI·MED’s supply chain continuity.”
Source: Company Press Release