Supermax not looking at buying other companies in the near term

Thai: ‘The increased capacity is expected to contribute RM40mil to sales in the third quarter of next year.’

KUALA LUMPUR: Despite further consolidation expected in the glove manufacturing industry, Supermax Corp Bhd has no plans to acquire other firms in the near term.

Its executive chairman and group managing director Datuk Seri Stanley Thai said further consolidation would see the current 45 local players reduced to between six and eight big players in the years to come.