Vincent Medical reconsiders plan to build new facilities in low-cost manufacturing locations abroad as US tariff threats linger
Vincent Medical Holdings, a Hong Kong-based medical device maker, has doubled down on manufacturing in China by investing in automation and digitalisation, instead of moving operations abroad amid rising trade barriers in the US and Europe.
The maker of disposable radiology products and respiratory devices is building a factory in Kaiping in the western part of the Greater Bay Area, CEO Raymond Choi Cheung-tai said in an interview. Trial operations could start before the end of the year, he added.
“We are transforming into a new business model that will give us the flexibility to set up operations in multiple markets to get around the trade barriers,” said Choi, an industrial engineer by training. “Our new factory will be nearly fully automated, except for some equipment that requires maintenance by technicians.”
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