AT Systemization signs distributorship agreement with LKL

KUALA LUMPUR: AT Systemization Bhd's unit AT Glove Engineering Sdn Bhd has appointed LKL Advance Metaltech Sdn Bhd as a non-exclusive distributor of its natural rubber latex gloves and nitril gloves worldwide.

LKL Advance Metaltech is a wholly owned subsidiary of LKL International, and is principally involved in the provision of medical and healthcare beds, medical equipments, composite dressing, medical peripherals and accessories.

In a joint statement, the parties said the agreement is for an initial period of one year from the agreement date with an option to renew.

The gloves would be mainly distributed to hospitals and healthcare providers, with a targeted volume of up to 2.6 billion pieces per year.

AT Systemization executive director Mak Siew Wei said the group's production capacity is on track to meet the volume target.

"On top of these, we have begun preliminary planning works for additional glove production lines that would further raise our production capacity to facilitate additional demand.

"We are positive that this will pave the way for a greater collaboration with LKL International in the near future," he added,

At midday break, AT Systemization was trading 0.5 sen or 4.17% higher at 12.5 sen per share with 297.45 million shares exchanging hands.

Shares in LKL were unchanged at RM1.04 apiece with 11.76 million units traded.