CE Technology plans RM50mil expansion 

KUALA LUMPUR: Cleanroom gloves maker CE Technology Bhd is planning to invest RM50mil to expand its manufacturing capacity to cater to growing demand from existing and new customers.

The installation and commissioning of the additional glove-dipping lines and new cleanroom processing facilities is expected to be completed in 18 months.

The expansion, managing director and CEO S.S. Teoh said in a statement today, would increase the group's monthly production capacity four-fold.

"This increase in capacity is expected to contribute significantly to the company's sales going forward," he said.

The company said the capacity expansion would be funded via internally generated funds and/or bank borrowings.

CE Technology on Tuesday has announced a plan to increase its raw nitrile gloves manufacturing capacity to 70.5 million pieces a month via the addition of three double former glove dipping lines.

It is also planning to increase its cleanroom post-processing capacity to 83 million pieces a month.

Shares in CE Technology are listed on the LEAP market.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

CE Technology , gloves


Next In Business News

Aditya Laroia new CEO of Maybank KE Singapore
China close to kicking off long-awaited REITs market
Singapore broker up 544% in a year eyes China
Alibaba leads US$400m investment in Vietnam retail firm
Moody’s expects Malaysia’s growth prospects to remain strong
Ringgit opens higher against US dollar
World Economic Forum cancels 2021 annual meeting in Singapore
Quick take: Pesona Metro down despite RM319mil contract win
Bursa ekes out slight gains
Cautiously optimistic on MBM Resources despite near-term volatility

Stories You'll Enjoy