Company Bio
Selia-Tek Medical is the subsidiary of Selia-Tek Industry, an expert in plastic precision injection moulding. The management team leveraged that expertise to become a leading manufacturer of disposable medical devices such as syringe, IV catheter, and is now commercializing its internally developed vacuum blood container.
Company Information
Headquarters
Kota Damansara, Selangor
Invested since
2017
News
Value Creation Initiative(s):
STMSB was well positioned for a potential growth as a recognized global medical device supply chain in Malaysia. To further support the company’s strategic development, VentureTECH assisted STMSB in gearing the internal governance towards amelioration.
By utilizing VentureTECH’s extensive network, accelerated expansion of the business has been made possible via collaboration with another healthcare-based business to manufacture STMSB’s new products into its pipeline.
As a result, PAT recorded an increase by 85.9%, with profit margins expanding from 6.1% to 11.5% since the first investment made in year 2017.