PETALING JAYA:
The initial investment of RM105 million for phase 1A is targeted to produce a total capacity of 1.1 billion pieces of gloves per annum from Q3’21.“Despite most existing glove makers in Malaysia running at full capacity, there are still production backlogs of four to six months in fulfilling orders.
Aspen group president and group CEO Datuk M. Murly said although being a new entrant during a period of strong market demand, it believe that global demand for rubber gloves will steadily increase in the long run and with strategic planning around pricing, competitors, marketing strategies and distinctive positioning, the group will be able to penetrate the market and gain a reasonable market share.
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