Yahoo Finance Aoxin Q&M subsidiary upgraded to authorised primary processing partner for dental materials supplier
The agreement is valid till Dec 31 and will be renewed yearly on a calendar year basis.
Shenyang Qingaomei Oral Restorative Technology Co Ltd (QAM), the wholly-owned subsidiary of Aoxin Q&M, has been upgraded from a secondary processing partner to an authorised primary processing partner for 3M China’s LAVA all-ceramic crowns, bridges and dentures in Liaoning Province.
The agreement was entered between QAM and 3M China on July 11.
3M is the world’s premium high-end supplier of ceramics and zirconia raw-materials for dental usage. As an authorised primary processing partner, QAM will be allowed to directly purchase raw-materials from 3M. It will also be allowed to perform further processing procedures in dental crowns, bridges and dentures fabrication.
According to Aoxin, the upgrade was granted based on QAM’s existing capabilities to meet the standards required by 3M. The size of its existing customer base was also taken into consideration.
“As an authorised primary processing partner, QAM will have more opportunities to increase its service offerings and provide improved support to our customers,” says Aoxin Q&M, who adds that the agreement was seen as a “positive development for the group”.
However, it is not expected to have a material impact on its earnings in the FY2023 ending Dec 31.
The agreement is valid till Dec 31 and will be renewed yearly on a calendar year basis.
Shares in Aoxin Q&M closed flat at 8.4 cents on July 11.
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