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2020-11-04 13:00 | Report Abuse
News from 6 days ago in case someone missed it.
"According to the group, its Line 1 glove dipping facility is 80% completed and is expected to produce its first batch of gloves in less than two months.
Production of Line 1 will commence in early December, enabling revenue contribution from the new glove business to begin in FY21, it said.
The group said each single former production line can run at a speed of 15,000 pieces of gloves per hour, whereas each double former production line can run at a speed of 24,000 pieces of gloves per hour.
The group eventually plans to have 20 lines, although the last seven lines will be installed at a new plant later. It has begun preliminary planning for the lines to enable a quick roll-out in the event demand rises even further.
Assuming it sustains maximum production capacity throughout and the average selling price (ASP) of nitrile gloves hit US$80 per 1,000 pieces, AT Systematization believes the new venture will earn the group RM860 million in annual turnover, which is over 40 times the RM20 million achieved in its financial year ended March 31, 2020 (FY20)."
source: https://www.theedgemarkets.com/article/systematization-expects-glovemaking-capacity-reach-26-bil-pieces-year-june-2021
2020-11-04 12:14 | Report Abuse
I've stuck here for quite a long time. Sabor je la
2020-10-21 09:14 | Report Abuse
"With the ISO accreditation, Komarkcorp will also explore the extension of its diversification to include personnel protective equipment (PPE) manufacturing to take advantage of the current surge in demand due to the third wave of the Covid-19 pandemic in Malaysia"
Stock: [ERDASAN]: ERDASAN GROUP BERHAD
2020-11-04 16:09 | Report Abuse
chillex sedara sedari.. good days will come