Allmed Medical

PT Ace Medical Products Indonesia (Allmed Medical) held a groundbreaking ceremony for a new medical products plant at KIT Batang, Indonesia, with an investment of Rp 1.6 trillion ($100 million). The plant is expected to employ 3,500 local workers and target annual production value of $200 million.

Allmed Medical (002950.SZ) signed an agreement with Donghua University to establish a joint R&D center for biomedical textile materials.