CGS-CIMB highlighted that the group’s potentially stronger results will mainly stem from the capacity expansion plan that will increase its production capacity of nitrile disposable gloves by five times to five billion pieces by end-2023, from the current one billion.
PETALING JAYA: Glove maker Rubberex Corp Bhd is confident of registering significantly stronger results ahead, on the back of capacity expansion plans and margin expansion from higher sales of nitrile gloves.
In a recent non-rated report, CGS-CIMB highlighted that the group’s potentially stronger results will mainly stem from the capacity expansion plan that will increase its production capacity of nitrile disposable gloves by five times to five billion pieces by end-2023, from the current one billion.
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