SUPERMAX Corporation Bhd expects to achieve close to RM1 billion annual sales by the end of its current financial year ending Dec 31, 2010.

Its executive chairman and group managing director Datuk Seri Stanley Thai, in stating this, said sales would be driven world demand and good marketing strategy.

'This will an increase of 20 per cent from the previous year's annual sales of RM800,000,' Thai said on the sidelines of the Fifth International Rubber Gloves Conference and Exhibition launch here today.

He said by December this year, the group's installed capacity should be able to produce 17.5 billion pieces of gloves.

Asked about the group's plans, Thai said the company was building its Glove City in Kapar, Klang, under a project costing RM400 million.

'Phase one of the project is expected to be commissioned by the second half of next year,' he said.

The project will be funded by internal sources and is expected to be completed by 2020, Thai said.

'Upon completion, Glove City will consist of six rubber glove manufacturing plants in which every plant can generate 4.1 billion pieces of gloves a year,' he said. - BERNAMA