Aiming to capitalise on the government’s initiative to make Thailand a medical hub in Southeast Asia, Thai firm Namwiwat Medical Corporation (Nam) and Taiwanese company Somnics Inc have joined forces to construct a new manufacturing plant. The facility, intended to serve as an export base, will produce a wide range of medical products, including sleep-enhancing devices.
Nam, a local sterilised medical equipment provider, and Somnics, a Zhubei-based firm specialising in obstructive sleep apnea treatment technologies, formalised their collaboration with a memorandum of understanding signed recently. The forthcoming factory, to be managed by this joint venture, will occupy a 10-rai site in Samut Prakan, informed Viroj Chaiturdkiet, the chief executive of Nam.
The two companies are in discussions with the Board of Investment about potential investment…
