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BUSINESS

MTDC will continue to invest in Bioalpha

24/07/2018 01:19 PM
By Nur Firdaus Bt Abdul Rahim


DUNGUN, July 24 (Bernama) -- The Malaysia Technology Development Corporation (MTDC) will continue to invest in local health supplement manufacturer, Bioalpha Holdings Bhd (Bioalpha), after seeing the company successfully penetrate local and Asian markets.

MTDC Chief Executive Officer Datuk Norhalim Yunus said this would be part of the medium-term plan with Bioalpha, which is growing its business through various research and development (R&D) programmes related to food technology, marketing and opening up job opportunities at its newly-launched Pasir Raja Herbal Park.

"As a Bioalpha shareholder, it is a company that we invest in using the Commercialisation of Reasearch and Development Fund. We will continue to support the growth of the company as it is expanding not only locally but also in Indonesia and China.

"We are also investing because it also provides job opportunities, especially to the people of Pasir Raja, and also developing its own technologies and products that can compete in international markets, as well as conducting R&D with experts from local universities," he told Bernama after the recent launch of the Pasir Raja Integrated Herbal Park. 

Meanwhile, Bioalpha Managing Director William Hon said the company was conducting R&D programmes to penetrate the European and US market after successfully entering Indonesia and China.

"Apart from sales promotions at exhibitions, we are also performing more clinical tests and gathering data to prove to European and US companies that our herbs work.

"We are carrying out tests with food experts from local universities and also in India and Taiwan, as well as appointing experts from a university in Hong Kong to reassure the parties in both Europe and US that our herbs are safe to be eaten (as supplements), he added.

The 406-hectare Pasir Raja Integrated Herbal Park was inaugurated on Sunday by the Sultan of Terengganu, Sultan Mizan Zainal Abdidin. 

-- BERNAMA



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