Iconic aims for greater heights


“The demand for gloves had been on the rise of 10% per annum pre-Covid, but is expected to rise over 30% per annum due to it. We have set our sights on producing 17 billion pieces of gloves which commands a global share of about 5%, ” managing director Datuk Tan Kean Tet (pic)

PETALING JAYA: Iconic Worldwide Bhd aims to become a leading glove maker in the world following its investment of RM155mil for a new personal protective equipment (PPE) manufacturing plant here.

“The demand for gloves had been on the rise of 10% per annum pre-Covid, but is expected to rise over 30% per annum due to it. We have set our sights on producing 17 billion pieces of gloves which commands a global share of about 5%, ” managing director Datuk Tan Kean Tet said. — Bernama

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Stake sales for national goals
Hume Cement divests concrete subsidiary to YTL Cement Sarawak for RM215mil
RHB Islamic targets RM5bil with sukuk programme
Xpeng in negotiations to partner with EPMB for EV production in Malaysia
Orkim draws EPF, KWAP, Prudential as substantial shareholders
Industronics unit to acquire Melaka retail property for RM5mil
Ringgit continues to soar, hitting 4.09 vs US dollar, the highest since April 2021
Khee San’s rights issue 80.25% subscribed, raises RM77.12mil
AWC wins RM42.3mil subcontract for data centre
Yinson raises RM1.18bil via dual-tranche sukuk issuance

Others Also Read