KUALA LUMPUR: Glovemaker Supermax Corp’s earnings growth is expected to be mainly driven by a projected 35% increase in its glove production by the end of financial year 2020, said CIMB Research.
In a recent meeting with Supermax’s management, the research house said the company aims to boost its total glove production capacity by 35% to 29.4 billion pieces per year by financial year 2020 forecast (FY20F) via the revamping two existing plants.
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