If I was correct, both manufacturing and trading segment will benefit from current high production of rubber gloves. Manufacturing will benefit from latex and nitrile processing and compounding as mentioned above. Trading will benefit from distributing NBR, PVC, latex related chemicals and etc.
buy supporting industries to the glove co , they are not affected by ASP and the demand is always increasing into the future ...you will never be wrong , once more investors coming in the price cannot be so low anymore
The virus of tyranny is alive and growing — and there's no permanent vaccine By International Affairs Analyst Stan Grant Posted 7hhours ago, updated 2hhours ago
Luxchem’s trading division is still its largest, accounting for 77% of turnover and 60% of pretax profit for 2Q2009. Around 19% of its trading revenue comes from the sale of synthetic latex (nitrile) to companies like Kossan Rubber, Hartalega, Top Glove, Supermax, Riverstone and Latexx. Another 4% is derived from the sale of latex chemicals such as coagulants and dusting powder (cornstarch).Luxchem, which sources its nitrile from Zeon Chemicals of Japan, has a market share of around 20%. Around 90% of the nitrile is used in the rubber glove industry.
>> 19 % of its trading revenue comes from sales of Nitrile is of year 2009 . >>> A search at its website, brands products is not included Nitrile, is not applicable anymore.
Someone has continuously bluffing that ASP has increased by 100% and net profit be doubled long long before last qtr result was out. Yet last qtr result proved that he is talking nonsense. Beware not to be conned n trapped by the “famous” spammer.
Update: Transform Master Sdn Bhd, which is engaged in latex and nitrile processing and compounding, completed its capacity expansion by one-third from 1,500 tonnes a month to 2,000 tonnes in June 2020. "At present, it operates at about 75% capacity. Luxchem guided for higher orders to come in 2HFY20 or early FY21 in tandem with the commissioning of new capacity of several glove players.
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Posted by super_newbie > 2020-10-23 17:06 | Report Abuse
If I was correct, both manufacturing and trading segment will benefit from current high production of rubber gloves. Manufacturing will benefit from latex and nitrile processing and compounding as mentioned above. Trading will benefit from distributing NBR, PVC, latex related chemicals and etc.