MIDA - AT (0072): AT SYSTEMATIZATION BHD Line 1 Glove Production To Begin December
(28 October 2020) AT Systematization Bhd's (ATS) Line 1 glove production factory in Chemor, Perak is set to release its first batch of medical-grade nitrile gloves in December 2020, with an estimate annual turnover of RM860 million from the new venture
It is set to release its first batch of medical-grade nitrile gloves in December 2020
The company announced this represents more than 40 times compared to the group's annual turnover of around RM20 million in its financial year ended March 31, 2020 (FY2020).
Facility has been 80 per cent completed and production would commence in early December, enabling revenue contribution from the new glove business to begin in the current FY2021.
The group plans to have a total of 20 glove dipping lines, with lines 14 to 20 to be installed in a new plant to be decided later.
Reference:
https://www.mida.gov.my/home/11299/news/ats-line-1-glove-production-to-begin-december-sees-estimate-rm860-million-annual-turnover/
https://klse.i3investor.com/blogs/rubberglove_y2023/2020-11-29-story-h1537301959-MIDA_AT_0072_Line_1_glove_production_to_begin_December_sees_estimate_RM.jsp
