DGAP-News: Bio13.04.2015 Malaysian Rubber Glove

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Apr 13, 2015 at 3:45 PM

DGAP-News: Bio13.04.2015 Malaysian Rubber Glove Manufacturers Association (MARGMA) expects Malaysian glove companies to achieve a global market share of 65% in all glove sectors by 2020.max Rubber Industries Ltd.:

DGAP-News: Biomax Rubber Industries Ltd. / Key word(s): Market Report/Expansion Bio13.04.2015 Malaysian Rubber Glove Manufacturers Association (MARGMA) expects Malaysian glove companies to achieve a global market share of 65% in all glove sectors by 2020.max Rubber Industries Ltd.: 13.04.2015 / 21:29 --------------------------------------------------------------------- Kuala Lumpur/Bermuda 13.04.2015 Malaysian Rubber Glove Manufacturers Association (MARGMA) expects Malaysian glove companies to achieve a global market share of 65% in all glove sectors by 2020. "Global Rubber Gloves Market Report: 2014 Edition"found that Malaysia holds the prestige of retaining its position as the world's largest supplier of rubber gloves, commanding over two-third of global market share.The US and Europe are the largest importers, especially of nitrile gloves which is where Biomax specialises in. Biomax Rubber is very excited to announce that it fits the overall specification of nitrile gloves in demand by larger scale orders which we have been seeing already from existing clients. We continue to work on increasing the awareness of our products as we already have gained a lot of trust from current clients regarding product quality, production time and delivery. Biomax Malaysia employs seventy eight (78) full time employees at its factory in Malaysia, and produces approximately 384 million pieces per annum of ME gloves per annum and the factory has four (4) operating production lines. The production lines produce Latex ME gloves â powdered (smooth, white) in all glove sizes.The production capacity is 384 million pieces per annum of ME gloves per annum with 4 production lines exporting to 20 countries. Current full production capacity is 384 Million gloves per year. The Company is looking to expand production to cope with current demand exceeding 500 Million Gloves per year which in turn would translate into 10 Million USD revenue. A 100% increase in revenue based on 2014 figures which was 5 Million USD revenue. Over the past years, there has been a notable rise in the demand of gloves whenever there is an outbreak of flu or viral diseases. During and after such outbreaks, there is a sudden change in the demand for rubber gloves due to increased hygiene concerns. Not just China but South American countries have been implementing programs to make more aware of hygiene and bacterial infection prevention. The key factors driving growth of the global rubber gloves industry include rising number of increasing healthcare expenditure, ageing population, accelerating awareness of hygiene and healthcare reforms with more stringent regulations, improvement in global economic growth, and increasing potential of emerging markets. Currently, Malaysia is the one supplier of rubber gloves in 120 countries out of the 196 that it exports to and has kept a lead over rivals in Thailand and Indonesia, due to advances in technology and relatively cheap production costs. Margma, the (Malaysian Rubber Glove Manufacturers Association) sees global demand for rubber gloves to continue to grow at a rate of 8% to 10% for 2015, amid the weakening of the ringgit against the USD. A strong increase in demand is noted from Asia, particularly India, Pakistan and China as healthcare awareness becomes more crucial. The United States and Europe are still a strong growth partner. Margma President Lim Kwee Shyan mentioned in a roundtable discussion that he hopes Malaysian glovemakers to increase market share to 65% by 2020. Biomax is perfectly positioned to play an active part within its peer group of rubber glove manufacturers. Its orderbook remains strong despite intense competition. The glove makers are aggressively expanding their nitrile production capacity. The demand is strong and we expect it could continue to outperform latex glove in the market share. Providentially, latex and nitrile prices both have been stable. Prices of latex and nitrile are not expected to increase due to maturing plantations in Cambodia and South Vietnam, and expansion capacity by nitrile producers. About Rubber Industries Ltd. Established in 2010, and is now a well organized and a profit making company with main business in medical/examination ("ME") glove manufacturing in Malaysia. BioMax Rubber Industries is well recognised in the manufacturing and trading of premium non-sterile latex ME gloves, pre-powdered, polymer coated and trades chlorinated powder free gloves for the healthcare industry. Today, BioMax Rubber Industries' products are exported to more than 20 countries worldwide to countries such as United State of America, United Kingdom, Japan, Vietnam, Europe, China, Middle East, India and Australia with its strong reputation of good product quality, timely delivery and excellent customer service. There are multinational companies in developed countries, who have made BioMax Rubber Industries as their preferred OEM manufacturer. Biomax Malaysia employs seventy eight (78) full time employees at its factory in Malaysia, and produces approximately 384 million pieces per annum of ME gloves per annum and the factory has four (4) operating production lines. The production lines produce Latex ME gloves â powdered (smooth, white) in all glove sizes. Contact Investor- and Public Relations: Biomax Rubber Industries Opern Turm 60306 Frankfurt Phone: +49 69 1200 66938 Email: info@biomax-invest.com --------------------------------------------------------------------- 13.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 343731 13.04.2015

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Tenera Care's Tech Triumph: Halving Falls with Simplicity

Every once in a while, a piece of tech comes along that makes you sit up and say, ‘Now that’s a game-changer!’ And with the recent rave reviews, Tenera Care seems to hit just that sweet spot for folks in the senior living game. By handing Dublin Glenn Memory Care the gold in the KISS category at the 2026 McKnight's Technology Awards, it’s clear the industry is...

U.N. Leaders Converge at NYSE, Forus Soars to $3B Valuation

A Busy Morning at the NYSE with Key Guests and Global Events In a world where high-stakes diplomacy and roaring market bells go hand in hand, today brings the U.S. Secretary of State, Marco Rubio, to the New York Stock Exchange. With the 81st Session of the United Nations General Assembly shaking up the Big Apple, the city finds itself at the intersection of politics and...

NACD Honors Top Board Leaders with 2026 Awards

Celebrating Boardroom Mavericks at NACD Gala September 2026 has brought some sparkling recognition to the elites guiding today's corporate governance landscapes. The National Association of Corporate Directors (NACD) has announced their Directorship 100 honorees, tipping their hats to stellar individuals firing on all cylinders in the boardroom. Who's Getting the Nod?...

Navigating AI's New Era: Dresner's 2026 Findings

Big Insights in the AI World of 2026 Well folks, if there's one thing making waves in the boardrooms this year, it's AI. Dresner Advisory Services just threw down a gauntlet for companies with their fresh batch of reports focused on the dizzying world of AI. They ripped right into it, exploring how firms can bag a heap of benefits and deal with the hurdles that come with...

Lavior and CR Fitness Team for Wellness Reach

Botanical Care Meets Gym Life in the Southeast Lavior, the botanical whiz kids of wound and skin care out of Miami, are shaking hands with CR Fitness, Crunch's big-time franchise operator carrying the flag across the Southeast. They’ve ironed out a deal that’ll park Lavior’s products in more than 60 gyms covering Florida, Georgia, North Carolina, and Texas. It’s a...

Lititz Mutual Embraces AI with Guidewire ProNavigator

It's not every day you see a company like Lititz Mutual making moves in the artificial intelligence (AI) arena. Based out of Lititz, Pennsylvania, this insurance firm has decided to shake things up with Guidewire's ProNavigator AI assistant. Forging New Paths in Insurance Lititz Mutual is set to inject some serious tech into their operations. The goal? Make life easier...

Spencer Peterman Hosts Eco-Friendly Wood Bowl Sale

Just when you think you've seen it all in the world of craftsmanship, along comes a dynamo like Spencer Peterman. For over 25 years, he's been turning what others discard into treasures. Fallen trees? Most folks see firewood. Spencer sees a future masterpiece. And now, he’s rolling out the welcome mat for his loyal customers with a special sale that runs until December...

Molex's VersaBeam Mini Pushes AI Data Center Limits

Game-Changer for AI Data Centers? Across the tech landscape, space is a premium, and Molex's new VersaBeam Mini arrives like a hail Mary in the fourth quarter. In AI data centers, squeezing down every single component counts—especially when optical density's in play. What we're seeing here is a potential paradigm shift. A 3x density improvement from a tiny 3.5 x 9 mm...

Castillo Engineering Gears Up with New VP Appointments

New Leadership to Drive Expansion In a boost to its commitment to scaling up, Castillo Engineering, based in Maitland, Florida, has roped in two veterans from the renewables sector as vice presidents. Aaron Carrillo and Devin Radovich, who share a history of successful collaboration at Renewable Energy Systems Americas (RES), are set to guide Castillo's growth in the...

Lawsuit Targets Electrical Consultants' Labor Practices

Trouble Brews at Electrical Consultants, Inc. Right on the heels of a long workday, some employees of Electrical Consultants, Inc. seem to be getting a double whammy. The company is tangled up in a class action lawsuit lodged by the well-known Blumenthal Nordrehaug Bhowmik De Blouw LLP. This ain't your everyday grievance, folks; we're talking meal and rest period...