News: SDI Limited gains nod for dental products in Brazil

SDI Limited (ASX:SDI) has been granted approval by Brazilian regulator ANVISA to manufacture its dental restoration products in the country.

This will allow the company to develop its Latin American markets by becoming more competitive with local manufacturers and importers.

SDI will initially package bulk product made in Australia, allowing it to benefit from reduced labour costs and savings on freight and duty costs. This will begin in early 2016.

This will also reduce its inventory levels as it can implement a 'just in time' inventory management system.

The company reported a 5.1% increase in sales revenue to $68.7 million while EBITDA is up 15.2% to $12.3 million.

It had $5 million in cash and cash equivalents as at 30th June 2015.