MALAYSIA: No more delays in completion of rubber glove plants, says Kossan
Kossan Rubber Industries Bhd does not expect any further delays in the completion of its rubber glove plants going forward.
Kossan managing director and chief executive officer Tan Sri Lim Kuang Sia said the group is targeting for its Plant 16 to operate at full capacity by early July this year after completion of the plant was delayed. "Plant 17 will be completed in the next two or three months. Plant 18 will be finished in January or February in 2019, and Plant 19 will be done by mid-2019," Lim told reporters on Tuesday (22 May 2018). With the completion of Plant 16, the group's total capacity for rubber glove production will rise by 10 % this year, from its current annual capacity of 25 billion pieces.
For 2019, Kossan is targeting to further raise its total annual capacity by 16 %, on commencement of operations of Plants 17, 18 and 19. Kossan, which prides itself as the first company in the world to produce halal-certified gloves, is also aiming to grow its halal gloves segment. It is targeting to raise its total annual capacity of halal certified gloves to 3.6 billion pieces by year-end, from 2.4 billion at present.
Source: theedgemarkets.com, Kuala Lumpur; 22 May 2018
(Syed Rashid Ali, Karachi, Pakistan)