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- 18 Nov The arrival of glove materials
- The raw materials come from Taiwan, so there will be no shortage of raw materials. There will be 3-4 suppliers
- 24 Nov started testing and making gloves
- Started production of gloves in early December
- There will be a total of 13 production lines
- Production of Nitrile glove, and Latex Glove in the future
- Estimated sales price USD 90 per 1000pcs, sport order USD 150+-. The gloves in China sell for about USD 130
- Cost USD 22 per 1000 pcs
- The land next to the factory is belong to Fintech, AT will help to manage on behalf and earn management fees
- LKL is one of AT glove distributor, and other companies will also help AT sell gloves
- The company expects to be profitable RM180mil in 2021
- The production volume will reach 2.6b in April 2021
- The company uses cash to build a glove factory, thus it will be completed soon
- All employees are local, there will be total of 240 employees. After completing all production lines, there will be 1,200 employees
- FDA cert is expected to be Jun Jul 2021
- CE certificate is expected to be obtained this month
