https://maps.google.com/maps/contrib/112132372249436725878

Maxter Healthcare Inc.
Today, we celebrate the pivotal decision by the USTR to impose tariffs on Chinese medical glove imports (50% in 2025 and to 100% in 2026), marking a significant step towards enhancing our nation's security, PPE supply chain resiliency, and supporting our domestic PPE manufacturing sector.

This move is not just about economics; it's about safeguarding our healthcare system, ensuring that in times of crisis, our nation is not vulnerable to foreign supply chains' dynamics. By fostering a robust domestic medical glove manufacturing industry, we're not only creating jobs, but also securing the health of every American.

Maxter Healthcare has been passionate in our continued advocacy surrounding this topic, through our active participation with the American Medical Manufacturers Association (AMMA), of which we are a proud board member.

Why This Matters:

National Security: Reducing reliance on foreign supplies, especially in critical healthcare sectors is a matter of national security. Our healthcare workers deserve a steady supply of essential equipment, no matter the global situation.

Economic Growth: This decision boosts our PPE manufacturing sector, encouraging investment and innovation here in the USA.

Supply Chain Resiliency: By diversifying our supply chain portfolio, we're contributing to a more resilient economy. This resilience is crucial for any future challenges, ensuring that our nation's critical need for PPE is never caught off-guard again.

Supporting Local: Every glove manufactured in the US means more jobs, more tax revenue, and more economic activity that stays within our borders, directly benefiting our communities.

Let's applaud this move together as we stride towards a brighter future

Posted by ChekHupCoffee
ANKARA (Aug 15): The World Health Organization (WHO) on Wednesday declared the mpox situation a “public health emergency of international concern”.
“A public health emergency of international concern is the highest level of alarm under international health law,” the Anadolu Agency quoted WHO chief Tedros Adhanom Ghebreyesus as saying on X.

https://www.youtube.com/watch?v=5Fn5314rQXo

Maxter Healthcare Inc.'s fun fact of the day: More than 5,450 total tons of steel make up the internal structures of our first production buildings (Phase 1). The buildings were engineered to be Category 5 Hurricane rated but more importantly, they were designed as a solid housing and stable foundation for our state-of-the-art advanced glove production lines (currently being installed). We are building in Brazoria County for the long-term and for the future

https://imgur.com/AeegAaM

AMMA to USTR Katherine Tai on modifications of tariff date and raises tariff rate to 100%.

Specifically, AMMA encourages the Administration to take the following actions in finalizing
the proposed modification:
• The tariffs on all face masks, gloves, syringes, and needles of tariff subheadings
6307.90, 4015.12, 4015.19, 9018.31, and 9018.32 should be raised to a minimum of
100%.
• The effective date should be August 1, 2024 for all increases in tariffs on these critical
medical supplies.
• The Administration should undertake a whole-of-government approach to support
reshoring of America’s supply chains for critical medical supplies.

Donny Chan is the Director of Business Development and Government Affairs for Maxter Healthcare Inc, a wholly owned US based PPE manufacturing and distribution subsidiary of the Supermax Corporation, one of the world’s largest medical glove manufacturers. Currently, Supermax Corporation exports to over 150 countries with a network of corporate distribution centers in the USA, Brazil, Canada, the UK, Ireland, Hong Kong, Singapore and Japan.

Be sure to join us on July 18th to hear from Donny Chan and our other fantastic speakers!

https://imgur.com/p8MkHxx

As the industry recovers, the Group foresees the upward
momentum will accelerate for Malaysian glove manufacturers with the high number of foreign
manufacturers' gloves being included on the U.S. Food and Drug Administration (FDA)’s import alert
list. Top Glove also anticipates amplified business opportunities in the U.S. market following the U.S.
government’s impending imposition of steeply increased tariffs on medical gloves from China, making
it unfeasible for Chinese glove manufacturers to continue exporting to the U.S. Customers from the
U.S. are expected to start moving away from outsourcing orders to China ahead of year 2026 when
tariffs take effect,

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=228785&name=EA_FR_ATTACHMENTS

Top Glove profit 50m latest qtr.

Re: tradek
I saw maxter name also in the list, do you know if they are affected too? What is YY glove, YZ glove etc... ?

You may try this link to download whole Import alert in excel file. Under notes u can sort the year 2023,2024 to get the latest alert data.
https://ghsupplychain.org/sites/default/files/2024-03/USAID%20GHSC%20Medical%20Glove%20Manufacturers%20not%20recommended%20for%20procurement%20%28Uncontrolled%20Copy%29_04MAR2024.xlsx

GHSC-QA is publishing this list of manufacturers, included in US FDA Import Alert 80-04 (Published Date: 01/Dec/2023), with a recommendation to NOT procure medical gloves (examination or surgical) from these manufacturers.
Import Alert 80-04 (fda.gov) Updated 28/2/24
Firm Country
Dongtai City Huayi Gloves, Co., Ltd. China
Filta Safety Products Co Limited China
Grand Work Plastic Products Co., Ltd. China
Guangdong Kingfa Sci. & Tech. Co., Ltd. China
HUAGUANG MEDICAL PRODUCTS CO.,LTD. China
Jiayuan Medical Products Co., Ltd. China
Jinzhou City Xinrui Plastic Products Co., Ltd. China
Letcom Medical Products Co.,Ltd. China
Pinnacle Co., LTD China
SHANGDONG TAIXIANG MEDICAL PRODUCTS CO., LTD. China
SHANXI HONGRUIDA HEALTH PROTECTION TECHNOLOGY CO LTD China
Shandong Yinghong Medical Products Co Ltd China
Syntex Healthcare Products Co., Ltd. China
WeiLin Plastic And Rubber Products Company Limited China
Wise Medical Products Co., Ltd. China
XIANGYUN MEDICAL PRODUCTS CO., LTD China
ZEHUI GLOVE CO., LTD. China
ZIBO LANGU NEW MATERIAL TECHNOLOGY CO., LTD China
ZIBO LANHUA MEDICAL PACKAGING MATERIAL CO., LTD. China
Zibo Intco Medical Products Company Limited China
Zibo Yahao Supplies Co., Ltd China
Zibo Yingbo Medical Products Co., Ltd. China
INTCO MEDICAL HK CO LTD Hong Kong
Tegamen Safety Products PVT. LTD. India
Latexx Manufacturing Sdn Bhd Malaysia

Intco Medical Hk CO LTD is in the FDA alert list.

GHSC-QA is publishing this list of manufacturers, included in US FDA Import Alert 80-04 (Published Date: 01/Dec/2023), with a recommendation to NOT procure medical gloves (examination or surgical) from these manufacturers.

Import Alert 80-04 (fda.gov) 2023.
Firm Country
Filta Safety Products Co Limited China
HUAGUANG MEDICAL PRODUCTS CO.,LTD. China
Jiayuan Medical Products Co., Ltd. China
Letcom Medical Products Co.,Ltd. China
Pinnacle Co., LTD China
SHANDONG BAISHENG MEDICAL PRODUCTS CO., LTD China
SHANGDONG TAIXIANG MEDICAL PRODUCTS CO., LTD. China
SHANXI HONGRUIDA HEALTH PROTECTION TECHNOLOGY CO LTD China
WeiLin Plastic And Rubber Products Company Limited China
ZEHUI GLOVE CO., LTD. China
ZIBO LANHUA MEDICAL PACKAGING MATERIAL CO., LTD. China
Zibo Yahao Supplies Co., Ltd China

“Supermax’s American and Malaysian teams have been working very hard to manage the setting-up of the US operations and we are pleased to announce that construction of our first manufacturing facility will be substantially completed before the end of December 2023. The next stage will involve the installation of various manufacturing equipment including A.I., Automation and Robotics facilities. A technical team from Supermax Malaysia will be deployed to the US facility in various stages for commissioning of the manufacturing facility.

Recruitment drive start in middle of Year 2024.
https://www.businesstoday.com.my/2023/12/08/supermax-corps-usa-facility-ready-by-end-dec-2023/

Offset by shorter lead times, lower shipping cost, high quality products, high tax relief (saving 200m/year), Environmental compliance, No forced labor risk and no red sea crisis.

@ chloeCheong,
Thanks for the info. I'm guessing the gloves they make in Texas must have higher asp because the labor costs are high there

Installation of plant and machinery
shall follow once the main civil and structural works are completed in year 2023 (qtr report). I believe the installation should be started in Jan 2024. Testing n commissioning of equipment should be completed before 2nd qtr.


@tradek
Thx for the update...
2nd Q - so fast. Any idea if equipment installation already started?

Supermax expects each phase to produce 400 million gloves/month (phase 1). When all four phases are completed, the facility will produce 19.2 billion gloves/year
@ChloeCheong
Do you know how many gloves Supermax's Texas factory can produce?

Maxter healthcare inc Texas, factory buildings electricity are connected already. Latest photo updates 6 hours ago. It seem SPMX factory could be ready for production probably in 2nd quarter.
https://www.google.com/maps/uv?pb=!1s0x8640f5195aae5cc9:0x257cd588fa38ea3b!3m1!7e115!4s/maps/place/maxter%2Bhealthcare%2Binc%2Btexas/@29.3746661,-95.4416161,3a,75y,220.65h,90t/data%3D*213m4*211e1*213m2*211s_oOhETf48TjQ4BeUmqmBZg*212e0*214m2*213m1*211s0x8640f5195aae5cc9:0x257cd588fa38ea3b?sa%3DX%26ved%3D2ahUKEwjEkbqH5-uEAxUny6ACHUCzAwcQpx96BAgTEAA!5smaxter+healthcare+inc+texas+-+Google+Search!15zQ2dJZ0FRPT0&imagekey=!1e2!2s_oOhETf48TjQ4BeUmqmBZg&hl=en

https://www.intellectualmarketinsights.com/report/disposable-medical-gloves-market-size/imi-000593

Global Disposable Medical Gloves Market size was valued at USD 4,147 Million in 2021 and is projected to reach USD 8,485 Million by 2028, growing at a CAGR of 9.63% from 2021 to 2028 according to a new report by Intellectual Market Insights Research.
Disposable Medical Gloves Market Players Analysis:

Berhad Supermax Corporation
Berhad Kossan Rubber Industries Bhd.
Cardinal Health Semperit AG
Ansell Ltd.
Top Glove Corporation
Bhd Hartalega Holdings
Holding Rubberex Dynarex Corporation
B. Braun Melsungen AG

Supermax ranking no.1 in the analysis

https://splash247.com/first-casualties-feared-in-red-sea-shipping-crisis-as-crew-abandon-missile-struck-bulker/
First casualties feared in Red Sea shipping crisis as crew abandon missile-struck bulker.

Supermax setup factory in USA is step to right direction. In future Spmx will able diverge the shipments from North America to Europe customers despite the red sea shipping crisis..

Reasons to Invest in American Manufacturing
ax Incentives
1.Tax incentives are a major contributor to the strength of American manufacturing. The government offers tax rebates and exemptions for companies that manufacture in the states. To take advantage of this incentive though, you either have to be a company that commissions an onshore manufacturer or be an onshore manufacturer acquiring materials.
Logistical Incentives
2.Logistical incentives for domestic manufacturing can also make a significant impact on a business’s bottom line. The US has an interconnected transport system of train, road, air, and sea travel options that make it easy to ship products anywhere. This includes shipping products around the world since the US is boarded on two sides by oceans, and the coasts are filled with ports that make sea access easier and cost-effective. For your company, this means lower costs when shipping manufactured products wherever they need to go
3. A Reputation for Innovation and Quality
The main reason why companies choose to invest in American manufacturing is because of our reputation for innovation and quality across many industries. The US is known for designing products to high-quality standards, while offshore manufacturing has a reputation for using cheap and low-quality materials.
4. Access to a Skilled Workforce
The quality in US manufacturing comes from investments in technology, development, and a quality workforce. The US has a universal education system that puts it ahead of many other manufacturing centers around the world. A higher educated and tech-savvy workforce makes it easier for manufacturing companies to recruit better talent. More talented workers mean improved manufacturing processes and outcomes.
5. Compliance With Environmental Regulations
Finally, the US is largely committed to environmental protection when it comes to manufacturing. Government regulations for pollution and environmental impact are stricter here in the US than in most places overseas.
The drive for greater sustainability is not only important to the longevity of your business but is also increasingly important to customers

https://msipipeprotection.com/reasons-to-invest-in-american-manufacturing/

Shorties moved their focus on Rapid, Ynh properties , Widad and 13 hit low limits counters.

Supermx since resumed shipment to US have sales more 60 m gloves exported. last qtr with zero sales in Us already almost breakeven. Think yourself.

JP was once worst gloves hater now upgraded glove sector. It is good news. Harta /Kossan target price up 20 to 26% respectively. Expect Supermx to follow uptrend.

Supermax Restructures with Appointment of New
CEO and COO To Drive Synergy Across Malaysia-US
Operations
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=143118&name=EA_GA_ATTACHMENTS

"A technical team from Supermax Malaysia will be deployed
to the US facility in various stages for commissioning of the manufacturing facility."
A good aircraft is required to airlift the Technical team to US plant to n fro from Malaysia to US to support the AI robotics installation in US in coming months.
Why Supermax relies on aircraft for business and support?
https://nbaa.org/flight-department-administration/tax-issues/federal-taxes/explaining-why-your-company-relies-on-business-aviation-questions-and-answers/

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=142886&name=EA_GA_ATTACHMENTS
KUALA LUMPUR, December 08, 2023 – Supermax Corporation Berhad (“Supermax” or the
“Company”) Supermax had just concluded its 26th AGM today, provided a company update
on the progress of the construction of its manufacturing facility in the US. Supermax is the first
Malaysian company to have set up a glove manufacturing facility in the US, which is the biggest
glove consuming market in the world.
This own-brand manufacturer which started in Malaysia in 1987 under the stewardship of Dato’
Seri Stanley Thai, Founder and Executive Chairman, has been able to clock in significant
milestones for the Group and Company in the last 2 decades, significantly rising to be one of
the leading global glove producers in the world today.
The pandemic had not deterred the Chairman from taking an executive decision to invest and
expand in significant markets, choosing to capitalise on the opportunities that prevail in the US
market by investing in a manufacturing facility for growth.
“Supermax’s American and Malaysian teams have been working very hard to manage the
setting-up of the US operations and we are pleased to announce that construction of our first
manufacturing facility will be substantially completed before the end of December 2023. The
next stage will involve the installation of various manufacturing equipment including A.I.,
Automation and Robotics facilities. A technical team from Supermax Malaysia will be deployed
to the US facility in various stages for commissioning of the manufacturing facility. Todate we
have fulfilled and complied with various regulatory requirements including permits to operate
glove manufacturing plant in Brazoria County, Texas USA,” said Dato’ Seri Stanley Thai,
Executive Chairman of Supermax.
Press Release
It was such similar executive decisions that had catapulted Supermax to be one of the largest
and active players in the US market dating back to year 2000 when it opened up its first
Supermax Distribution HQ in the US. This enabled the Group to expedite distribution of gloves
to customers in the region speedily and gain greater market share. In addition, it facilitates the
Company to streamline the supply chain in the US domestic market.
Supermax has a dynamic board and a senior management team who has been with the
Company for over 20 years and will continue to contribute well in upholding effective
governance mechanisms within the Board of the Company.
The Chairman, Dato’ Seri Stanley Thai also shared with shareholders at its 26th AGM that the
Company will continue to face challenges for the next 5-6 quarters to come with improvements
expected in 2025

https://www.youtube.com/watch?v=t6iZTN-VLvY

Short position of supermax reduced 4m shares yesterday to balance 9.6m shares.

The QR is expected as cbp wro still enforced in the last qtr. With resumed shipment to US in Nov, expected better or positive qtr result in Feb 2024 .Most of analyst already updated the supermx target price to 1.00.
https://klse.i3investor.com/web/pricetarget/research/69734

Supermx up 56 cent bc of split into 2 shares. Harta no split.
klee
Harta has risen Rm1 frm low of 1.41,supermx is just 28 sen frm low of 72

1st phase around 90m. Production starts after 1st phase.

Gloves companies in Malaysia, all have same cycles in share prices, gloves sales and revenue/profit. Supermax should be match them this qtr.

Hartalega sales volume increased by 8% partly bc of Dod rule (DFARS Case 2022-D009 final rule 20 July 2023) restriction on PPE sourced from Allied countries. esp. China to max of 150k per contract. Hence little profit or loss for China ppe companies to fulfill the contract bc of low volume order.. Outcome either they stop exporting their PPE or they increases their ASP to compensate their losses.

Ones need to reset your mindset in investment.

Good news, Maxter resumes shipment to US this month Nov.

Importkey hartalega ngc reveal its sales volume in July, Aug n Sept 2023 has surpassed the sales in Jun to Oct 2021. It is hard to harta lega to lose money in the coming qtr.

Overall, Chinese companies supply a majority of US imports for 46 percent of products that fall under critical PPE. When looking more generally at US imports of critical public health goods (including PPE), the share of products for which China is the majority supplier falls to 31 percent

OTHERS Supermax Corporation Berhad (Supermax or the Company) - Proposed Renewal of Authority for the Company to Purchase its Own Shares

Most of shorties had already reduced short volume esp. top glove by 160 m . Balance about short vol 23m.

True, previously US market had been always 10-15% of company revenue and profit.

https://www.cbp.gov/newsroom/national-media-release/cbp-modifies-withhold-release-order-against-supermax-corporation
cbp media release on modifies supermax wro.

Finally cbp lifted wro. US restriction China ppe final rule 20/7/2023 updated.

https://www.federalregister.gov/documents/2023/07/20/2023-15154/defense-federal-acquisition-regulation-supplement-restriction-on-acquisition-of-personal-protective

https://www.regulatoryoversight.com/2023/02/new-dod-rule-limits-ppe-from-china-and-other-foreign-nations/
On January 30, the U.S. Department of Defense (DOD) issued an interim procurement rule, prohibiting the procurement of personal protective equipment (PPE) from four “non-allied” countries: China, North Korea, Russia, and Iran.
Effective January 31, the draft interim rule implements the restrictions in the 2022 and 2023 National Defense Authorization Acts (NDAA), which limit the acquisition of “covered items” like PPE and “sanitizing and disinfecting wipes, testing swabs, gauze, and bandages.” The restrictions (1) boost public health in the U.S., (2) encourage the expansion of domestic capacity to produce PPE, (3) enhance U.S. national security by reducing PPE dependence on these countries, and (4) reduce the influx of counterfeit PPE items into the U.S. The ban on covered items does not apply to PPE procurement used outside of the U.S. or if the maximum procurement value is under $150,000.

last 2 days , Top glove shorties covered 100mil shares. A good sign gloves is back.

Us government had imposed restriction on China manufactured ppe import . Eu will follow suit to ban the import from China. ASP will raise if there is no competition from China manufactured ppe.

The U.S. Department of Defense (DOD) issued an interim procurement rule, prohibiting the procurement of personal protective equipment (PPE) from four “non-allied” countries: China, North Korea, Russia, and Iran.
This interim rule revises the DFARS to implement section 802 of the National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2022 (Pub. L. 117-81) (10 U.S.C. 2533e) and section 881 of the NDAA for FY 2023 (Pub. L. 117-263). Section 802 adds the restriction to 10 U.S.C. 2533e (transferred to 10 U.S.C. 4875) that limits the acquisition of “covered items” (personal protective equipment and certain other items) from any of the following “covered countries”: the Democratic People's Republic of North Korea, the People's Republic of China, the Russian Federation, and the Islamic Republic of Iran, subject to exceptions. “Covered item” is defined as an article or item of—

(1) Personal protective equipment for use in preventing spread of disease, such as by exposure to infected individuals or contamination or infection by infectious material including—

Nitrile and vinyl gloves;

Surgical masks;

Respirator masks and powered air purifying respirators and required filters;

Face shields and protective eyewear;

Surgical and isolation gowns and head and foot coverings; or

Clothing; and

The materials and components thereof, other than sensors, electronics, or other items added to and not normally associated with, such personal protective equipment or clothing; or

(2) Sanitizing and disinfecting wipes, testing swabs, gauze, and bandages

https://www.federalregister.gov/documents/2023/01/31/2023-01295/defense-federal-acquisition-regulation-supplement-restriction-on-acquisition-of-personal-protective

China and Us trade decoupling will sooner hit China PPE export to US .

https://www.reuters.com/world/what-is-eris-new-covid-variant-2023-08-14/
NEW YORK, Aug 14 (Reuters) - COVID infections and hospitalizations are on the rise in the U.S., Europe and Asia. Health officials are pointing at the EG.5 "Eris" coronavirus, a subvariant of the Omicron lineage that originally emerged November of 2021.

With fast increasing hospitalisation in US, Europe and Asia, the demand of gloves will also increasing for coming qtrs.

Supermx may break even this qtr. Kossan -3.3m, Harta -5m (actual 47m one time factory decommissioning cost).

https://apnews.com/article/covid-cases-hospitalizations-increasing-9a831de37210c53c1ee48a30ad2ee611
New subvariant omicron EG.1 , Eg.5 fast increasing US, UK, India, Singapore....