Mah Sing Healthcare’s glove business makes strong start

Mah Sing’s group CEO Datuk Ho Hon Sang (pic) said the strong orders reflect market confidence towards Mah Sing as a credible new glove manufacturer in producing quality gloves to meet pent-up demand globally.

KUALA LUMPUR: Mah Sing Group Bhd’s healthcare business has got off to a strong start after it secured long-term glove orders which take up to four glove dipping lines’ production capacity.

In a statement yesterday, it said two more of Mah Sing Healthcare Sdn Bhd’s new production lines which had been completed at its automated factory in Kapar, were ready to take on more orders which are coming in.

“Besides these six lines, another six production lines are scheduled to come on-stream in the third quarter of this year.

“These 12 lines make up phase one of Mah Sing’s glove manufacturing business which is expected to contribute positively to the group’s earnings for the financial year ending 2021, ” it said in a statement after its AGM, which was held virtually.

Mah Sing’s group CEO Datuk Ho Hon Sang (pic) said the strong orders reflect market confidence towards Mah Sing as a credible new glove manufacturer in producing quality gloves to meet pent-up demand globally.

“We will focus on expanding capacity at our glove factory to meet these secured orders, and so far we are operationally on-track.

“We have also continuously received enquiries from distributors and customers around the world and are currently in negotiation with more interested parties to lock down their orders.

“We are planning to explore further expansion if the demand continues to outstrip supply, ” Ho said.

At the virtual AGM, the group briefed its shareholders on its initiatives, market outlook, operational performance and strategy.

Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum said there was gradual improvement in sentiment towards the property market early this year.

Mah Sing is on track to meet the RM1.6bil sales target for 2021, with the group recording property sales of RM650.50mil in January to May this year, which was 40% of its sales target.

The group seeks to ramp up towards achieving the target through several planned launches in the second half of 2021.

“We have the benefit of right price point and locations, coupled with our effective marketing campaigns.

“We hope homebuyers will take the opportunity to leverage on current low interest rate environment and the extended Home Ownership Campaign by the government to lock in their dream homes, ” Leong said.