Glove business
Since venturing into glove-making business in 2020, the Group has set up 10
production lines in its glove manufacturing plant at Chemor, Perak. The Group has also
obtained relevant qualifications and certifications including CE marking certification,
US FDA 510(k) certification and Halal certificate to be able to compete in the glove
market.
In the near team, the glove business outlook continues to be challenging in view of the
normalisation of gloves demand, declining glove average selling prices and rising
production cost structure. The Group has not been able to secure sufficient orders from
customers to sustain its operation. In view of this, the Group is scaling down its glovemaking operation and will evaluate various options on the future direction