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Oliver Healthcare Packaging opens state-of-the art manufacturing facility in Johor to meet the needs of pharmaceutical and medical device companies in Asia-Pacific
The 120,000 square foot manufacturing facility is the largest of Oliver’s plants in the region
SINGAPORE – Media OutReach Newswire – 15 May 2025 – Oliver Healthcare Packaging (“Oliver”), a leading healthcare company driving quality and innovation in medical packaging, has officially opened its new 120,000 square foot manufacturing facility in Johor, Malaysia. The opening ceremony was officiated by Yang Berhormat Tuan Lee Ting Han, Chairman of the Johor State Investment, Trade, Consumer Affairs and Human Resources Committee.
Located strategically within the i-Tech Valley in Iskandar Puteri, the facility will join a growing number of companies operating out of the Johor-Singapore Special Economic Zone and will serve Oliver’s growing customer base across Asia-Pacific.
The new manufacturing facility will create various roles across quality, engineering, logistics and supply chain, and build resilience in Oliver’s regional operations. Equipped with the latest state-of-the-art equipment and ISO13845, ISO-7 and ISO-8 cleanrooms, the facility will produce high-quality, medical grade packaging such as pouches, lids and roll stock. Oliver will support customer productivity and regulatory efforts in this diverse regional market.
“Asia-Pacific has fast become a hub for pharmaceutical and medical device manufacturers, and Malaysia alone is home to the highest concentration of medical device manufacturing sites in the region. The new facility’s capabilities will boost in-region sourcing for our operations and will aim to address gaps in demand and expertise for the Asia-Pacific healthcare industry,” said Michael Benevento, President and Chief Executive Officer, Oliver.
With over 50 years of experience in the design and manufacturing of medical-grade packaging, Oliver continues to strengthen its focus on quality and sustainability with the new facility. With state-of-the-art manufacturing processes and a focus on designing out waste before it is created, Oliver is positioned to work with customers to reduce emissions and gain efficiency. Additionally, the new site has enhancements contributing to a more sustainable working environment through features such as auto sensor energy saving LED lights and a rainwater harvesting system.
“We have witnessed tremendous growth in the pharmaceutical and medical device industries in the region, and our new capabilities in Johor aim to handle the growing demand from our customers across a wider geography in Asia-Pacific with a more resilient supply chain. We are committed to delivering unsurpassed innovation and quality, and we look forward to better meeting the evolving needs of the region’s healthcare companies,” said Kenneth De Muynck, General Manager, Asia-Pacific, Oliver.
The new Johor facility is part of Oliver’s commitment to growing globally, with a focus on local support. Across Asia, Oliver has been investing in new capabilities to support the medical industry. This includes an ISO-7 converting facility in Suzhou, China as well as a fully-equipped technical lab in Singapore to collaborate with customers on packaging design, innovation, testing, and troubleshooting.
Hashtag: #OliverHealthcarePackaging #Healthcare #MedicalDevice #ManufacturingFacility
https://www.oliverhcp.com/
https://www.linkedin.com/company/oliver-healthcare-packaging
The issuer is solely responsible for the content of this announcement.
About Oliver Healthcare Packaging
Oliver is not just a packaging company, but a healthcare company first. With its primary mission to protect patients, Oliver is a leading supplier of medical-grade packaging. Through 9 manufacturing sites across 3 continents, Oliver offers pouches, die-cut lids, HDPE cards, and innovative materials to the medical device, diagnostic, and pharmaceutical markets. Learn more about how Oliver’s packaging is Designed to protect at www.oliverhcp.com.
Media OutReach
Owner-Operated Serviced Office CoWorkSpace Opens at 6 Raffles Quay Level 16, Offering Members Stable Pricing in a Landlords’ Market
As Singapore CBD office rents rise for a fifth consecutive quarter and vacancy hits a record low, CoWorkSpace aims to shield members from rent increases that flex operators typically pass through.
SINGAPORE – Media OutReach Newswire – 26 May 2026 – CoWorkSpace is conveniently located at 6 Raffles Quay #16-01, occupying an entire floor within the office tower and comprising more than 50 private suites designed for startups, SMEs, and established corporations across shipping, financial intermediaries, family offices, professional services, business consultancy, technology, and trade-related industries.
Hashtag: #ServicedOffice #Coworking #CoworkingSpace #RafflesQuay #RafflesPlace #SingaporeCBD #SGCBD #PrivateOffice #PrivateSuites #OwnerOperated #FlexibleWorkspace #BusinessAddress #SMESingapore #SGBusiness #CoWorkSpace
https://www.coworkspace.com.sg/
CoWorkSpace Serviced Office.
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JOYY Reports First Quarter 2026 Financial Results: Total Revenue YoY Growth Hits Multi-Year High
In the first quarter, JOYY’s total revenues reached US$555.7 million, up 12.4% year over year, representing the Company’s highest year-over-year growth rate in recent years. Social entertainment revenue increased 3.2% year over year to US$400.4 million. BIGO Ads ad tech and SHOPLINE e-commerce, the second growth engine of the Company, maintained strong growth momentum. BIGO Ads revenue reached US$124.8 million, up 55.6% year over year, while SHOPLINE contributed US$30.5 million, up 16.1% year over year.
In the first quarter, the Company’s non-GAAP1 operating income increased 22.5% year over year to US$38.0 million, while non-GAAP1 EBITDA grew 13.2% year over year to US$45.7 million. Operating cash inflow for the quarter was US$46.0 million. Net cash as of March 31, 2026 stood at US$3.18 billion.
Simultaneously, JOYY announced a new share repurchase program, under which the Company is authorized to repurchase up to US$600 million of its shares until the end of 2028, and a new quarterly dividend program, under which a total of approximately US$900 million in cash will be distributed on a quarterly basis between 2026 and 2028. The new shareholder return program amounts to approximately US$1.5 billion, underscoring JOYY’s confidence in its long-term growth potential.
- This press release includes certain non-GAAP financial measures as additional clarifying items to aid investors in further understanding the Company’s performance and the impact that these items and events had on the financial results. The non-GAAP financial measures provided above should not be considered as a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP. For details of the non-GAAP measures, including the reconciliations of GAAP measures to non-GAAP measures, please refer to the press release titled “JOYY Reports First Quarter 2026 Unaudited Financial Results” issued by the Company on May 26, 2026.
Hashtag: #JOYY
The issuer is solely responsible for the content of this announcement.
Media OutReach
“Made in Binzhou” Heads to Tianzhou-10 Cargo Spacecraft——Binzhou Sci-Tech Power Embarks on a Hardcore Space Mission
This initiative is a collaborative effort involving the University of Chinese Academy of Sciences (UCAS), the National Space Science Center of the Chinese Academy of Sciences, and the Binzhou Weiqiao UCAS High Technology Research Institute. The successful launch marks a historic “zero-to-one” breakthrough, representing the first time private sci-tech forces from Binzhou and indeed Shandong province have reached space. It also stands as China’s first in-space experiment to study the solidification of lightweight high-entropy alloys under the dual-field coupling of “microgravity and rotating magnetic fields.”
As a national-level “space laboratory,” the manned space station hosts world-class research facilities and serves as a core platform for disruptive innovation in new materials. This successful deployment not only highlights the institute’s cutting-edge research capabilities but also signifies a deep integration between corporate scientific research and national aerospace engineering. Looking ahead, the institute will continue its deep dive into frontier fields such as space materials and lightweight alloys. By strengthening collaborative innovation across industry, academia, and research, they aim to empower the upgrading of the new materials industry with technological innovation, contributing both wisdom and strength to the development of China’s manned space program and the cultivation of new quality productive forces.
Hashtag: #BinzhouInformationOffice
The issuer is solely responsible for the content of this announcement.
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