Highlights

Rubber Glove companies till year 2023

Author: koolset   |   Latest post: Wed, 20 Jan 2021, 6:22 PM

 

AT (0072) glove factory real? Have a look...

Author:   |    Publish date:



(Photo by AT Systematization).

AT Systematization Bhd, which is building its glove manufacturing factory in Perak, expects to reach a production capacity of up to 2.6 billion pieces of medical-grade nitrile gloves per annum by June 2021.

In a statement today, the group said the target is based on the assumption of its production lines running at 24 hours per day and 30 days per month.

The group said each single former production line can run at a speed of 15,000 pieces of gloves per hour, whereas each double former production line can run at a speed of 24,000 pieces of gloves per hour.

Assuming it sustains maximum production capacity throughout and the average selling price (ASP) of nitrile gloves hit US$80 per 1,000 pieces,

AT Systematization believes the new venture will earn the group RM860 million in annual turnover, which is over 40 times the RM20 million achieved in its financial year ended March 31, 2020 (FY20).

According to the group, its Line 1 glove dipping facility is 80% completed and is expected to produce its first batch of gloves in less than two months.

Production of Line 1 will commence in early December, enabling revenue contribution from the new glove business to begin in FY21, it said.

 


(Photo by AT Systematization).


AT Systematization’s former glove dipping lines in its production plant in Chemor, Perak. 

The group added that in every subsequent month, two new glove dipping lines will be installed; it aims to eventually have one single former glove dipping line and 12 double former glove dipping lines by the middle of 2021.

AT Systematization managing director Choong Lee Aun said the group is investing RM120 million into the dipping lines along with related facilities and the new building, and believes that the group will break even on the new venture in a year, citing “overwhelming response and queries on orders from foreign and local buyers”.

The group eventually plans to have 20 lines, although the last seven lines will be installed at a new plant later.

It has begun preliminary planning for the lines to enable a quick roll-out in the event demand rises even further.

While the group takes note that the gloves’ rising ASP momentum might not be sustainable once a Covid-19 vaccine is developed, Choong said it believes the long-term growth prospects of the rubber gloves industry are intact, given the increased awareness of the importance of gloves following the pandemic.

“Nevertheless, the group’s strategy for the post-Covid-19 era is to implement digital manufacturing technologies such as plant equipment automation, advanced robotics and additive manufacturing.

This initiative is in line with our core business of designing and manufacturing industrial automation systems and precision engineering solutions,” he added.

Moreover, he said the group plans to venture into the provision of design, engineering and technology works, fabrication as well as installation of machines for the manufacturing of gloves and other rubber related products in two to three years.

Earlier today, AT Systematization shares had fallen to 17 sen (previously 18 sen), bringing its market capitalisation to RM558 million. It saw some 362.5 million shares traded

For more details of the factory, please visit this link below if you have not:

https://klse.i3investor.com/blogs/GlovesRally/2020-11-19-story-h1536493635-ATIAN_Visit_to_ATG_Factory.jsp


Reference:

https://www.atsys.com.my/at-systematization-expects-glove-making-capacity-to-reach-up-to-2-6-bil-pieces-per-year-by-june-2021/

Share this
Labels: AT

Related Stocks

Chart Stock Name Last Change Volume 
AT 0.18 0.00 (0.00%) 91,959,600 

  3 people like this.
 
nafo yes, great write up based on facts and not the hot airs talking at the AT forum.
24/11/2020 7:48 AM
Sales Under construction, will take time
24/11/2020 9:39 AM
Shadows Robotic, automation and addictive material is a huge business for industrial 4.0. All big company in aviation, automotive, manufacturing, electronics and logistic already rolling such technologies aggressively. This is the future and alrdy transforming in China, Korea, Japan and Singapore.
24/11/2020 9:47 AM
optimusprimeXV no one said is not real. It is just market believe it has not generated any biz. kyy only said he prefered supermax now but never said AT is not good
24/11/2020 10:32 AM
optimusprimeXV it just a matter of time to see AT shoot up like a star
24/11/2020 10:33 AM
CCCL Look scary..only a small sign board.
24/11/2020 10:37 AM
paperplane pity those newbies aka noob. all kena trap by those syndicate group in telegram fb.

Dulu throw stock kena DATO, DATUK, NOW THROW STONE KENA SELF-CLAIMED STOCK GURU. PUI!
24/11/2020 12:12 PM
Yu_and_Mee simply take a few pictures of some corners to show progress, couple with video on certain angle. then claim to produce 500M gloves.
now what? Now say not good.
Uncle KYY, you don't afraid of karma by doing this stuff?
24/11/2020 12:48 PM
BILLC Kyy says better for him to take your money instead of ular mak,,,,hehehe,,,,
24/11/2020 1:04 PM
tehopeng damn, super discount price. thanks.
24/11/2020 3:08 PM
Winner88 Donate some money then can get pahala.
24/11/2020 4:45 PM
Gala Kat Investors should always re-evaluate any given opinion(s)thoroughly before making a final decision to buy any shares or taking up a position. This is simply necessary as to avoid instances of investors displaying their ' brainless ' mentality by putting the blame on other people opinion(s)when prices go bad or south bound ! No offence intended but just sharing some common sense.
24/11/2020 6:19 PM
Goldberg All the people behind the company are dodgy to say the least. They managed to rope in a dodgy Promoter aka Ky but decided to take profit like speedy Gonzales and left many ATians high and dry. Always get in with your eyes wide open.
Cheers folks.
24/11/2020 8:48 PM
ykloh nitrile gloves will become an environmental issue just like plastic bags and straws.
24/11/2020 11:38 PM
alphajack Even Mah sing got 1B cash also dare not give such ambitious figures and can only complete by mid next year...this kucing kurap small fly company with so little cash spit this story and u sorchais believe ka. Anyways glove sector already declining...the hot factor is gone after vaccine announcement. So kucing kurap fellas like this which have not even built its factory is pretty much history.
25/11/2020 9:09 AM
dumbdumb123 I like Warren Buffet better.
25/11/2020 11:36 AM
Addy Malaysia to pay upfront RM94 million for vaccines
https://www.youtube.com/watch?v=MZ48SNMxSD8&feature=emb_logo
26/11/2020 2:36 PM
Addy COVID-19 vaccine could be available by December
https://www.youtube.com/watch?v=EsVSn8dJey0
26/11/2020 2:37 PM
Addy 我国将会获得新冠肺炎疫苗
https://www.youtube.com/watch?v=RXaZuvJhaoQ
26/11/2020 2:37 PM
suraya 30 NOV 2020 AT SYSTEMATIZATION 10 largest shares holder

1.Fintec Global Berhad 421,600,000 ~ 14.3%
2.Mak Siew Wei 348,645,666 ~11.8%
3.Lim Gek Shan 7,500,000 ~ 0.25%
4.Tang Cheng Lim 7,000,000 ~ 0.24%
5.H’ng Bok Chuan 6,900,033 ~ 0.23%
6.Nge Ying Choon 6,000,000 ~ 0.20%
7.Lim Teck Huat 5,500,000 ~ 0.19%
8.Gunung Resources Sdn. Bhd. 5,000,000 ~ 0.17%
9.Mu Gaik Lan 5,000,000 ~ 0.17%
10. Chew Chen Hong 5,000,000 ~ 0.17%
01/12/2020 10:29 AM
nypd8845 @Suraya hie,
pm me for NETX, AT trading...


https://wa.me/601169509133
17/01/2021 1:35 PM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

564  409  601  26 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 TRIVE-OR 0.0050.00 
 QES 0.38+0.04 
 KSTAR 0.21-0.045 
 DNEX 0.26+0.005 
 BIOHLDG 0.30+0.04 
 DYNACIA 0.120.00 
 LAMBO 0.030.00 
 MCLEAN 0.325+0.095 
 AT 0.180.00 
 VSOLAR 0.040.00 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. STEEL Industry - HOT ! ! The Huat Project
2. Malaysia Electronics Industry 5G TECH MANUFACTURING
3. SUPERMAX - HEAVILY SELL OFF ACTIVITIES(RUN) RISE OF TITAN
4. SILTERRA SAGA : GPACKET NOT BIDDER,COUNTING SECONDS FOR DNEX Official Opinion by Tuan Capital
5. Tenaga Nasional - MCO impact not as severe as 2QFY20 AmInvest Research Reports
6. Daily technical highlights – (SCIB, KGB) Kenanga Research & Investment
7. Mplus Market Pulse - 22 Jan 2021 M+ Online Research Articles
8. A BEARISH outlook for Covid-19. GENERAL
PARTNERS & BROKERS