Notion VTec’s glove contract


  • Corporate News
  • Wednesday, 23 Sep 2020

The gloves will be delivered over two tranches to Europe for meeting the medical needs in Covid-19 affected areas, Notion VTec said in a filing with Bursa Malaysia.( File pic shows Notion VTec production line)

PETALING JAYA: Notion VTEC Bhd’s unit, Notion Venture Sdn Bhd, will supply disposable nitrile examination gloves to a European company in the personal protection equipment space for US$82.2mil (RM337.8mil).

The gloves will be delivered over two tranches to Europe for meeting the medical needs in Covid-19 affected areas, it said in a filing with Bursa Malaysia.

The contract is in line with the group’s earlier announcement that it would be looking at trading and manufacturing opportunities in disposable nitrile gloves besides the face mask business.

At the close, its shares jumped 14 sen to RM1.14 apiece.

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