Saturday, 30 May 2020
BUSINESS
18/05/2020 08:37 PM

KUALA LUMPUR, May 18 -- Ni Hsin Marketing Sdn Bhd (NHM), a unit of Ni Hsin Resources Bhd, has inked a collaboration agreement and a distributorship agreement with WTK Manufacturing Sdn Bhd (WTKM) and WTK Technologies (M) Sdn Bhd (WTKT), respectively.

The agreements allow NHM to market its fabric protective face masks, personal protective equipment (PPE) and hand sanitisers domestically and internationally through WTKM and WTKT’s networks in Asia Pacific, Africa, Europe, the United States, Middle East and South Asia.

"Ni Hsin will be able to leverage WTKM and WTKT’s network in the medical industry to facilitate the expansion of our protective mask, personal protective equipment and hand sanitiser business division.

"This is a new area for us to further diversify our income stream, and it is expected to contribute to the company’s earnings for the financial year ending Dec 31, 2020,” NHM managing director Khoo Chee Kong said in a statement today.

He said there has been a surge in demand for PPE due to a shortage in supplies to hospitals and healthcare facilities around the world.

The company believes that wearing face masks will become a new normal social habit even when the pandemic is over, said Khoo, adding that WTKM and WTKT have already received encouraging enquiries from companies locally and overseas for the products and are currently working towards finalising the orders soon.

Under the agreement, WTKM has been appointed as the distributor, marketer, supplier and seller of NHM’s fabric protective masks, PPE and hand sanitisers to the government via tenders, through close collaboration with each other.

The distributorship agreement signed with WTKT is for the marketing and distribution of fabric protective masks including NHM’s Masketeer Coolmax Fibre Protective Mask, PPE and hand sanitisers in the local and overseas markets.

Both agreements are valid until Dec 31, 2022 and subject to extension by mutual consent in writing by all parties.

-- BERNAMA

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