This presents a fantastic opportunity for the company to redefine itself as a global player
by S BIRRUNTHA / pic by BLOOMBERG
KOMARKCORP Bhd’s subsidiary, Komark Mask (M) Sdn Bhd, received ISO accreditation from the regulators, making it a fully accredited manufacturer of disposable surgical face masks and personal protective equipment (PPE).
The certification confirms its premises, facilities and manufacturing standards are in accordance with the requirements of the international quality management system for medical devices.
With that, the company is looking to accelerate its rollout plan to increase production and launch its own brand.
Currently at a capacity of 3.5 million masks per month, Komarkcorp is looking to double capacity by the end of November, with the installation of two additional machine lines to bring its total to two lines with the remainder earmarked for December installation, the company said in a statement yesterday.
Komarkcorp, which announced its diversification into face masks months ago, is also planning an accelerated push of its own brand of masks into local and regional markets, utilising its silo of operations in Thailand, Singapore and Indonesia to capture rising demand.
Komarkcorp group CEO Koh Chie Jooi said with the ongoing trade war between the US and its allies against China, there is a concerted push to obtain supply of non-China manufactured face masks.
He said this presents a fantastic opportunity for Komarkcorp to redefine itself as a global player with Malaysian-made masks of exceptional quality being exported to Western economies.
“Komarkcorp will also immediately explore the implementation of PPE manufacturing to be added on as a horizontal diversification exercise.
“Logically, the demand for face masks will also flow alongside demand for PPE and we will look into adding that product into our portfolio for a bundled disposable medical equipment solution for local and export markets,” he added.
Additionally, with the ISO accreditation for PPE manufacturing, Komarkcorp will explore the extension of its diversification to include PPE manufacturing to take advantage of the current surge in demand due to the third wave of Covid-19 virus in Malaysia.
According to Polaris Market Research, the global market for face masks was valued at US$4.4 billion (RM18.26 billion) in 2019, with its growth expected to hit US$31.8 billion by 2027, with a compound annual growth rate of 24.5% over the forecasted period.
With the Covid-19 infections expected to reach new levels during the coming winter months, Komarkcorp expects the demand to pick up drastically.
The company plans to instal up to 30 face masks production lines within the next two years.
It noted that this is particularly for the production of three-ply surgical face masks and KN95 masks with targeted annual production capacity of up to 522 million three-ply surgical face masks and 120 million KN95 face masks.