Ispire Secures Malaysia’s First Nicotine Manufacturing License, Plans to Expand to 80 Production Lines

May.23
Ispire has won Malaysia’s first—and only—provisional nicotine manufacturing license, giving it sole rights to make, import and export nicotine products. The company plans to scale up from 6 to 80 production lines and build a global supply chain to reduce geopolitical risks.

Key Points:

 

1.Ispire has obtained Malaysia's first and only nicotine product manufacturing license approved by both the federal and state governments.

 

2.Ispire will begin production and promotion of its nicotine products in Malaysia, and plans to increase the country's production lines from the current six to 80.

 

3.Ispire claims to be the only company in the country with full authorization for exporting, importing, and manufacturing.

 


 

According to a statement on the Ispire website on May 22nd, Ispire Technology Inc (Ispire) has announced that it has been granted a temporary license by the Malaysian government to manufacture nicotine products.

 

Ispire stated that the license is currently the first and only nicotine product manufacturing license approved by the federal and state governments in Malaysia, cementing Ispire's position as the only company in the country with full export, import, and production authorization.

 

Chief Executive Officer Michael Wang said that obtaining this temporary license is an important step for the company to move towards becoming a leading international e-cigarette hardware supplier. Ispire immediately began production and promotion of its nicotine products in Malaysia, with plans to increase the production lines from the current 6 to 80.

 

"We will meet regulatory requirements in Malaysia, and Ispire will be granted the country's first federal nicotine manufacturing license. By diversifying our production base, we are strategically reducing production risks and alleviating concerns about price increases due to geopolitical factors," said Michael Wang.

 

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2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

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