Iconic expects continued strong demand for PPE


Group executive director James Tan said the Penang company is “passionate and confident” about this new venture as it is in it for the long-haul. “The reason we ventured into this sector is not for the short-term, and not for Covid-19 purposes only, ” Tan (pic) told StarBiz.

PETALING JAYA: Iconic Worldwide Bhd remains confident that its new personal protective equipment (PPE) venture is the way forward for the company and says it should see some returns on investment from this business by the end of next year.

This is despite the availability of Covid-19 vaccines here and globally, which could translate into lower demand and hence, pricing, for PPE.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Iconic Worldwide , gloves , masks , furniture , revenue , James Tan ,

   

Next In Business News

Egg subsidy to mitigate high farming costs
Saudis expected to cut oil price amid growing competition
MMHE gets subcontract job worth RM1.2bil
PPB Group net profit down 53% in third quarter
MAHB posts 3Q net profit of RM95mil
Condo resales recover slightly in October
Cradle Fund appoints new CEO
Pharmaniaga plans to raise up to RM655mil
Jack Ma asks Alibaba to ‘change’ and praises PDD
PIE stake in Thai firm PIT reduced

Others Also Read