Pentamaster secures orders worth RM600mil – Pentamaster
Summary
GEORGE TOWN: Tech firm Pentamaster Corp Bhd has received orders worth approximately RM600mil to be delivered by the first half of 2024. According to Chuah, the group’s efforts in its geographical diversification approach entails establishing its presence in China, Japan, the United States and Singapore. “We continue to record a positive financial performance on the back of its growing sales traction achieved from these regions that cover important critical markets for our business segments. According to a KPMG Advisory report, the medical device industry is set for steady growth, with global annual sales forecast to rise by over 5% a year and reach nearly US$800bil (RM3.6 trillion) by 2030. “These projections reflect increasing demand for innovative new devices (like wearables) and services (like health data), as lifestyle diseases become more prevalent and economic development unlocks the potential in emerging markets, particularly China and India,” the report said.