Yewlee is gonna to expand its range of industrial brushes by developing customisable industrial brushes and continue to strengthen its market position in the industrial brush industry within Malaysia as well as in international markets
"Additionally, we're broadening our scope in the industrial hardware and machinery parts segment, exploring new opportunities in sectors such as semiconductors, timber, glass, and agriculture. These strategic initiatives are designed to not only strengthen our market position but also reduce our dependency on the rubber glove industry, ensuring a more balanced and resilient business model for Yew Lee."
Mr. Ang Lee Leong, Managing Director of Yew Lee, commented, "As we navigate through the current phase, it is important to recognise the impact of broader industry trends on our performance, particularly in the rubber glove sector, which remains a significant contributor to our revenue. The industry has faced challenges due to oversupply and market imbalances following rapid expansions and stockpiling during the pandemic. Despite these hurdles, we are optimistic about the sector's recovery, driven by heightened global hygiene awareness and increasing glove usage.
The factory of Yew Lee in Thai was officially launched in mid of March 2024. As glove demand grows, it is expected to bring positive returns to the company
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
SwingSOS
48 posts
Posted by SwingSOS > 2024-03-22 17:18 | Report Abuse
Catch up game is on since yewlee production volume are ramping up