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There is always news happening at YTY and in the industry. Browse the latest news and industry updates to keep abreast of current trends, market conditions and timely topics of today.

YTY is Recognized Twice for ESG Excellence

December 8, 2020

YTY is pleased to announce it has recently been recognized twice for excellence in Environment, Social and Governance (ESG) matters. YTY was recently awarded the Gold Class I award by the Malaysian Society for Occupational Safety & Health (MSOSH), the governing body for occupational safety and health standards and compliance within Malaysia, based on their assessment of the GP Lumut facility, which is part of Green Prospect Sdn. Bhd.

YTY Initiates EFC Reimbursement Payments as Planned

October 30, 2020

YTY is pleased to confirm it has initiated payments to blue collar employees from foreign countries (“EFC’s”) for fees charged to them by employment agents during their recruitment process. In announcing the extension of our Employee Reimbursement Program in August 2020 to cover all EFC’s, we indicated that first payments for the initial cohort of employees would be made in October 2020. We are pleased to confirm we have executed against plan.

YTY Announces an Extension of Its Employee Reimbursement Program

August 18, 2020

YTY is pleased to announce that it is extending the Employee Reimbursement Program (“ERP”), which seeks to reimburse blue collar employees from foreign countries (“EFC’s”) for fees charged to them by employment agents during their recruitment process. The company had previously made the program eligible to EFC’s, also known as foreign workers, or migrant workers, that had joined the company on January 1, 2019, or thereafter.

Malaysia’s National Security Council Commends YTY for COVID-19 Preparedness

July 17, 2020

YTY is pleased to confirm that, as part of a recent unannounced audit by the National Security Council (NSC), also known as Majlis Keselamatan Negara Malaysia (MKN), the federal agency concluded its review by commending the Company for the exemplary standards it has set for COVID-19 preparedness within its factory premises, hostels, and employee canteens.

YTY Group Awarded Supplier of the Year

June 12, 2020

YTY Group is pleased to announce that it has been awarded Supplier of the Year by Clinical Supply Co. (CSC) in the United States. “We are delighted to provide YTY with this award” says Mark Carnahan, who leads CSC, “particularly as it seeks to recognize outperformance at both the Medisafe Technologies business in Indonesia and the YTY business in Malaysia, given our on-going business relationship with both group entities. Over the past year, YTY Group has come through with excellent quality, innovative products, and exemplary customer service.”