the company continues to ramp up capacity, it is cognisant of the fact that the baseline for global demand has shifted and this is expected to be the new normal

As this period of heightened demand continues, the company is committed to doing its part to protect those at the frontlines of this epidemic.

Covid-19 will abate and preventive measures having achieved some progress worldwide, this truly unfortunate situation is expected to persist for the time being

The rubber glove maker also aims to optimise the integration of technological solutions including Industry 4.0 within its business processes and operations

Upon completion by the 2022 financial year, our annual installed capacity will increase to 44 billion pieces,” executive chairman Kuan Kam Hon

Hartalega Holdings Bhd has commissioned four production lines at Plant 6 of its Next Generation Integrated Glove Manufacturing Complex (NGC) to accelerate its production capacity.

Gets Global has been in a loss-making position since 2016. For the cumulative six months ended June 30, 2020, it posted a loss before tax of RM18.92 million, wider than the RM10.5 million recorded a year ago

Furthermore, the board anticipates that the glove business will largely contribute to the group's earnings in the future given its intention to expand and increase its production capacity to generate higher sales

Barring any unforeseen circumstances, the board anticipates that the group's glove business may contribute to 25% or more of net profit to the group

Subject to obtaining shareholders' approval for the proposal at an extraordinary general meeting to be convened, the construction of the glove manufacturing plant is expected to commence by the fourth quarter of this year and will start commercial operations by the second quarter of year 2021.

group intends to construct a new glove manufacturing plant with an estimated built-up area of 520,000 sq ft and is capable of housing up to 12 glove-dipping lines on the industrial land currently owned by the group to undertake the glove business

Another RM19.1 million will be used for the repayment of bank borrowings

Gets Global said the board is of the view that the proposed diversification allows the group to capitalise on the favourable long-term prospects of the glove industry

Gets Global said it intends to leverage on the combined experiences of Teong and Low, especially Teong's prior experience in the construction of the glove manufacturing facilities and Low's expertise in the manufacturing of gloves and his in-depth knowledge and production know-how in the glove business.

To fund this new venture, the group has also proposed a private placement of 158 million new shares at 55 sen per share to its major shareholder ADA Capital Investments Ltd as well as Beh Boon Seong, Tan Chai Chek and Chua Choy Guan

It plans to venture into the manufacturing, sale and marketing of gloves and other related activities

Loss-making bus operator Gets Global Bhd is jumping on the glove-making bandwagon, following the emergence of Teong Lian Aik as a new substantial shareholder.

IWH-CREC is a 60:40 joint venture between IWH and China Railway Engineering Corp (M) Sdn Bhd (CRECM) — a wholly owned company of China's state-owned China Railway Group Ltd (CREC). IWC-CREC had on Dec 17, 2019, inked a restated and amended share sale agreement with TRX City Sdn Bhd to buy a 60% equity interest in Bandar Malaysia Sdn Bhd — Bandar Malaysia's master developer — for RM7.41 billion.

IWH is 63% controlled by Ekovest chairman Tan Sri Lim Kang Hoo, while the Johor state government's Kumpulan Prasarana Rakyat Johor Sdn Bhd holds the remaining 37%.

Ekovest Bhd is going to start exclusive negotiations to acquire 40% of the equity stake held by Iskandar Waterfront Holdings Sdn Bhd (IWH) in the joint venture company that is taking part in the Bandar Malaysia project.

Post removed.Why?

Post removed.Why?

now in the air or at the ground ?

muslim cannot gamble in genting but can gamble in bursa buy genting hehe...

bottom buy