Genetec Technology Bhd is principally engaged in investment holding, designing and building of customized factory automation equipment and integrated vision inspection systems. The company operates solely in the Industrial Automation segment. The company serves a diverse set of markets including automotive, hard disk drive industries, semiconductor, and electronics. Its primary geographic markets are Thailand, the United States of America, the United Kingdom, Malaysia, China, and others. Geographically, Malaysia and China contribute the vast majority of total revenue. Luster is another Genetec in the making.
MEMORANDUM OF UNDERSTANDINGMEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN LUSTER INDUSTRIES BHD ("LUSTER" or"THE COMPANY"), AND JIANGSU SUZHONG CONSTRUCTION GROUP CO.,LTD AND CHINATIANYING INC.You are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
This counter although been sluggish but it will surely shock you once its momentum comes into place. For whom could not resist its pace and gambling type of investors, it will not suit your taste. For them who complain for its performance, you could select other counters with your own choice. When Bursa is in low sentiment, most of the counters also show the same down trend even with rose Mary counter TG. So, be rational and not invest emotionally. As you all know, ex-CEO Penta is now leading this growing company, somehow he will not let it down so badly. My sense told me, it maybe right or maybe wrong. But do you really think he is not monitoring the platform existed in Malaysia talking on its baby? Umm,,, I don't think so. This is purely my own opinion. Your money, you make the call. You can play stock, you can put FD, trust fund or even a Rolex watch as investment tool. Which type are you? Cheers bro and sis! Happy investing. Stay safe in this pandemic.
Tiukau Johnlutu Sorry for the loss you suffered and I really hope you still could survive with the loss. Anyway, please do not treat it as betting counter. If you really want to, you can go to Genting Highlands for a bet. And, if you want to be respected, please respect people 1st. Do not simply say someone Solanhai because you don't know he or she is more successful than you in stock market and you are just a real time joker for them. Also, this counter does not force you to all in or invest, your money, your call. Why you claimed it as a cheater? So, think twice before commenting in this forum. Or, your wisdom level will be questioned and put into risk. Happy investing.
American Nitrile launches U.S.-based nitrile glove manufacturing business in Columbus, Ohio
Columbus, OH (September 8, 2021) – To help meet the surging demand for medical and non-medical latex-free nitrile gloves, American Nitrile, a newly launched Columbus, Ohio-based company, is building the most advanced U.S. manufacturing facility dedicated to producing nitrile gloves for healthcare, government and industrial use. Production at the 527,000-square-foot industrial facility in Grove City, OH, a southwest suburb of Columbus, is expected to begin early next year, creating 400 new jobs. “American Nitrile is fulfilling a critical and rapidly growing need for medical and non-medical nitrile gloves made in the United States, while reducing our country’s vulnerability to the supply chain disruptions experienced during the pandemic. COVID-19 was a catalyst, but demand for nitrile gloves extends far beyond immediate needs,” said Jacob Block, founder and chief executive officer of American Nitrile. “American Nitrile’s launch of its new manufacturing facility in Columbus is an example of enterprising Ohioans seizing the unprecedented opportunity to on-shore PPE production and rebuild the U.S. supply chain here at home,” said Ohio Governor Mike DeWine. “This cutting-edge facility will create hundreds of new advanced manufacturing jobs and produce essential medical gloves stateside with homegrown Ohio talent.”
The COVID-19 pandemic significantly increased global glove demand, resulting in critical shortages. U.S. medical facilities and businesses across industries are dependent on foreign suppliers. Most glove manufacturing occurs in Malaysia with other suppliers based in the Asia Pacific region. Less than one percent of U.S. demand for nitrile gloves is produced domestically according to IndustryWeek. Advanced and sustainable manufacturing
To streamline and kickstart production, American Nitrile has secured an exclusive North America partnership with Luster Industries (LTER.KL), a publicly listed, global industry leading OEM with responsibility for sourcing, manufacturing, installing, and maintaining the product lines. American Nitrile has strong partner relationships in place for sourcing raw materials and other production requirements. American Nitrile’s manufacturing facility will leverage Industry 4.0 principles, including machine-to-machine communication, to increase automation and self-diagnosis. In addition to reducing carbon footprint by eliminating the need for transpacific vessels for shipping, the American Nitrile facility will also employ sustainable manufacturing processes that will revolutionize industry sustainability standards, including a state-of-the-art water reclamation process that recycles 50% of wastewater. Funding for Phase One operations secured
American Nitrile has raised capital from strategic investors and is proceeding with retrofitting its Grove City production facility, which was formerly a warehouse, and upgrading utilities for advanced machinery. The company expects to have all 12 lines of Phase One running in 2022, with additional phases planned over the next three years. Phase One production is expected to yield up to 40,000 gloves per hour per line, or approximately 3.6 billion gloves per year. This will be more than any other domestic nitrile glove production facility.
Sold just now. Sad, total loss few thousands, this company really can't perform. If the directors really capable, salted fish also can survive now but the result not good and the share price keep pushing down non-stop. Goodbye Luster.
Bros and Sis, great to hear interstate travel just lifted and economic boosting is on the way. Be prepared for the good to come and limit up for tomorrow? Stay safe, strong and positive always!
Economy stipulation plan seems not bad for overall industrial in coming quarters. From personal perspective point of view, there might be uptrend by next week foreseeing more confidence from foreign investors onto Bursa and government stipulation plan which has just been announced this afternoon. Anyway, this is not a call to buy or sell either. Invest on your own risk and your own judgement. Back to basic, your money, your call. Happy investing.
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Posted by mystery > 2021-08-03 13:09 | Report Abuse
Luster can earn annual EPS of 1-2cents or not? Why its EPS so low? No wonder price wont up