Weigao

completed

Weigao Holding Company Limited (Weigao Holding), the majority shareholder of the company, was founded in 1988 in Weihai, Shandong Province as a collectively owned enterprise making single use sterile infusion sets. That first factory was started by the chairman and fellow co-founders in the 1980s. Since then it continued to grow and expand its product range within the disposable medical device sector. In 2000, Weigao Holding set up the company as an operating subsidiary to tap the capital markets.Weigao is the leading manufacturer of single-use medical supplies in China and currently makes syringes, sterile infusion sets, blood bags, IV catheters and medical-grade PVC granules. Weigao has plan to:- expand capacity in its existing product ranges;- introduce new blood purification products, dialysis products, and establish a chain of dialysis centers; - expand its production of higher margin orthopedic products (e.g. surgical screws, bone plates, nails); and- expand its production of drug eluting stents. Weigao’s objective is to expand into more technologically sophisticated, branded medical products that would have the quality of world-class imported devices but with substantially lower production costs, while continuing to be the leader in manufacturing disposable medical device products.