nice.. proposed dividends 10 cents.. tmr will fly~

Remember stock price is always ahead of co performance, the coming quarter report wont have any surprise guys..

when price at 1.6 also earn enough liao la... now wait for second round... wkwkwkwk

Need a bad news now for big boss to sapu again at cheap... hehe

So fast push for what... accumulate few million units 1st mar... wakakaka

Next wave of growth

The group, in a move to aggressively expand its production capacities to meet the current and future growing demand for nitrile gloves, had acquired a 100-acre industrial land in Serendah in November 2013 to build the Supermax Business Park (SBP).

“The increase in nitrile gloves production capacity would contribute not just to the manufacturing division in terms of new sales and profits, but also boost our group’s overseas distribution activities in terms of market share in the nitrile glove segment,” he explains.

He says 60% of the land area in SBP will be used by Supermax’s wholly-owned unit Maxwell Glove Manufacturing Bhd (formerly known as Seal Polymer Industries Bhd) to develop an Integrated Glove Manufacturing Complex (IGMC) to produce nitrile gloves.

The IGMC comprises two phases and will be developed at a cost of between RM700mil and RM750mil from 2014 to 2022. It will have a total of 40 lines with production capacity of 15.5 billion pieces of gloves per annum.

Another significant development in the pipeline is the Glove City project in Bukit Kapar, Klang, which is expected to begin construction in 2015. It will encompass six manufacturing plants to be built over the next 10 to 12 years. Each plant would have an installed capacity of 4.1 billion pieces of gloves.

“As the glove industry is fast expanding, the company would require a bigger piece of land to produce gloves. The property development land in Sungai Buloh does not commensurate with the glove manufacturing business,” he says.

Supermax has a total installed capacity of over 18 billion pieces of gloves per annum as of December 2014 and is targeted to reach 24.96 billion gloves by December this year when its two facilities – Plants 10 and 11 – are fully commissioned.

At the moment, the two plants are not commissioned at full capacity due to delay in infrastructure.

If the statistics of the Malaysian Rubber Glove Manufacturers Association (Margma) is anything to go by, Malaysian glovemakers’ global market share would increase to 65% by 2020.

The current global market share stands at 62%, while the global consumption for rubber gloves is 176 billion pieces, of which Malaysia provided 112.5 billion pieces last year.

Margma says the industry is currently entering a technology transformation and most of the plants are highly automated and less labour-intensive.

The association is optimistic on the outlook for 2015 as the global consumption/demand is set to increase in Asia, particularly India, Pakistan and China as healthcare awareness becomes crucial. Additionally, growth from other regions like the United States and Europe will continue to boost exports.

It said the challenges for the industry included electricity, gas and water supply, aside from the dip in average selling price for both natural and synthetic rubber gloves.

It also noted a shift in demand ratio between natural rubber and synthetic rubber gloves from 49:41 in 2013 to 53:47 in 2014.

Considering the shift in the emphasis towards synthetic rubber gloves, it is easy to fathom why Thai is leaning his production lines towards producing more nitrile gloves.

And add that to his move into manufacturing high-end medical devices, Thai is here to stay. To be able to dominate the world stage, Thai has fought many corporate battles in and outside Malaysia.

http://www.thestar.com.my/Busine ... ext-move/?style=biz

Thai: Watch my next move

Upgrading to high-tech manufacturingof medical devices on Thai’s mind

SUPERMAX Corp Bhd executive chairman and group managing director Datuk Seri Stanley Thai is an avid traveller, but his frequent pursuits have all to do with his drive to lead the company into being a successful own brand manufacturer of Supermax, Aurelia and Maxter.

The 54-year-old brushes aside very swiftly speculation of him intending to dispose of his interest in the glove manufacturer.

It came about after he was charged with insider trading in last December.

True to his resilient style, Thai reveals that the group has a new generation business producing high-tech medical devices in the pipeline.

“I am already investing into the future generation, how can I sell my stake?”

Thai says the next generation business is a move to diversify its earnings base. The group will be making an announcement on the new product line in July.

Thai not known to mince his words
“For the last 14 years, after my initial public offering (IPO) in 2000, I had travelled abroad to open branches and distribution centres with the focus on building a brand for our glove business.

“Therefore, when you have reached a level where you have brand royalty and recognition, it would be a positive move to add another product line,” he tells StarBizWeek, while confirming that the new product line will not be gloves, but something that is aligned to the medical industry.

Thai says Supermax International Sdn Bhd, a wholly owned subsidiary of Supermax, had incorporated a 98%-owned subsidiary known as SuperVision Optimax Sdn Bhd on March 7, last year to manufacture and distribute healthcare products to the global markets through Supermax’s existing global distribution network and centres.

The capital investment for the first phase of the high-tech medical device project would cost about RM65mil.

The research and development (R&D) for the medical equipment and devices would be carried out in the UK.

Analysts: 2015 a better year for glove makers
The project to move into higher manufacturing and production of high-end medical devices will support the Government’s vision towards a high-income nation status, which does not rely on foreign labour, according to Thai.

“A higher percentage of white collar personnel with expertise in advanced technology will be employed,” says Thai, adding that the future generation business would be funded via internal funds and loans.

On his global expansion plans, Thai says he will be building distribution and transhipment hubs to overlook the South Pacific regions for the high-tech medical device division.

“We will wait for a good time to enter China and set up a sales and distribution hub there.

“We are in the final stages of building our European distribution headquarter base in the UK to cater to the European market,” he says, adding that the group hopes to eventually own the technology and R&D from the United States and the UK to support its high-tech medical device manufacturing outfit in the country.

Bread and butter glove segment

Thai said the group has the foundation to step up the value chain without losing sight of the current business of producing gloves.

“Producing gloves will continue to be our mainstay.

“But we are looking at moving up into high-end manufacturing industry where almost everything is automated, requiring a pool of robotic, chemical and mechanical engineers, among others.

“Gloves will still be our primary business, which falls under the glove division and this will be carried out in the six plants in Meru and Bukit Kapar in Klang (including the new plants called Plants 10 and 11),” he says.

Aside from the manufacturing outfits in Klang, the group also has two plants in Sungai Buloh, one each in Ipoh, Taiping and Malacca, respectively.

Thai considers Sungai Buloh a prime industrial park due to its strategic location, making it an ideal place for the group to establish the medical device division.

“The plant here (in Sungai Buloh) is too expensive to undertake low-end products. It is ideal for the manufacturing of high-end products,” he says.

Supermax’s first plant in Sungai Buloh started operations in 1994 and subsequently the second plant in 2001. The two plants have a total of 19 production lines.

The company had recently upgraded the machinery in the first plant in Sungai Buloh.

“The industry is dynamic in the sense that the growth in productivity and efficiency is very rapid. This requires machinery upgrade every 10 years or so and by the 15th year, we will scrap the machines.

“When the machines are due for an upgrade in the second plant in Sungai Buloh within the next three to five years, it will make sense to possibly convert the plant to manufacture high-tech medical devices as land costs here are higher,” he explains.

Heading to mars?

Heng ar... ong ar.... huat ar....

Need stronger viagra.. now tired liao

Rocketing!

time to collect more~

RichTrader999: tell us more

BDI drop.. 1.57 new low.

8000 lots throw at 2.25..

yeap.. will be closing in red or at price 2.2.. stay tuned.. :)

that is much optimistism from you guys..

the glove industry is booming but it seems this counter has no spark..

what happened?

EPF sell sell sell.. SUPERMX down down down..