RHB Research ‘positive’ on Supermax’s plans

The glove maker recently announced that it had acquired a tract of land in Kapar, Klang, for RM20mil, which a news report says it plans to use to increase its production by 4.5 billion ppa over the next five years.

PETALING JAYA: While Supermax Bhd is expected to benefit from a demand surge in gloves owing to the Covid-19 pandemic, RHB Research is positive over the company’s plans for the future expansion of its manufacturing capacity.

The glove maker recently announced that it had acquired a tract of land in Kapar, Klang, for RM20mil, which a news report says it plans to use to increase its production by 4.5 billion ppa over the next five years.