The Inventor has been in the glove industry for 30 years in the area of production and engineering. The Inventor was also involved in the initial commercialisation of double former technology in 2010 and has subsequently embarked on the high density triple former holder technology in 2017.
AF Solution Sdn Bhd is principally involved in the provision of maintenance work for machinery in the glove industry too.
HL Technologies will commission a prototype glove-dipping line using the high density triple former holder assembly technology to test the triple former glove dipping line commercial and technical viability. HL Technologies hopes to achieve commercialisation of the latest cutting edge triple former glove dipping line within 6 to 12 months.
Glove manufacturers have the option to build a brand new line or upgrade their existing glove-dipping lines from double to triple former assembly. An upgrade from double to triple former glove-dipping line would save the glove manufacturers from incurring substantial capital expenditure costs such as purchase of land & construction of buildings.
With the usage of high density triple former holder assembly, we anticipate production output to be increased by between 30% to 50% compared with the double former line. Operational costs such as energy costs could potentially be reduced by between 20% to 30%.
Importantly, the high density triple former holder assembly could potentially reduce total capital expenditure for new investments by between 20% to 30%.
AF Solution has filed patents in Malaysia, Thailand, Indonesia, Vietnam, China and an international patent application under the Patent Cooperation Treaty (PCT) for the high density triple former holder assembly and is currently awaiting approval from them. Such patent applications cover almost all glove manufacturers in the world.
From double to triple mean glove former usage willl increase by 33% per line. This is a big business boost for esceram. Further more, esceram now is in recovering stage. Seem likethis good news will get a solid boost for esceram to challenge its business to its peak again!
On behalf of the Board of Directors of ES Ceramics, TA Securities Holdings Berhad wishes to announce that the Company proposes to undertake the following:
Subscription of 20 new ordinary shares for RM20 and a 1st tranche of 1,300,000 new redeemable non-convertible preference shares for RM1,300,000 in Lasseters Properties Sdn Bhd by the Company’s wholly-owned subsidiary, Focus Maxwell Sdn Bhd;
Proposed subscription of a 2nd tranche of up to 11,000,000 new redeemable non-convertible preference shares for up to RM11,000,000 in Lasseters Properties Sdn Bhd by Focus Maxwell Sdn Bhd; and
Proposed diversification of business to include property development and investment.
Please refer to the attachment for further details of the Proposals.
Bargain! Ceramic mold business sure continue to grow well with glove counters. Then utilizing the cash flow to diversify into property when land prices at all time lows. Double up within 1 year likely!
Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
Correct. NTA 0.25, coming quarter should be better than previous quarter results Dec 2019-Feb 2020. The run should start now as benefitting from supplying formers to glove industry due to Covid. Underpriced for sure...
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Posted by beachboy > 2020-02-17 23:09 | Report Abuse
the next focus for glove counter:
https://www.theedgemarkets.com/article/hlt-globals-share-trade-suspended-company-signs-patent-licence-deal