Inix marks maiden foray into glove industry with RM50m investment | Malay Mail

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BERANANG, Dec 4 — ACE market-listed Inix Technologies Holdings Bhd has officially ventured into the rubber glove industry following its 51 per cent stakeholding acquisition in L&S Gloves Sdn Bhd with an investment of RM50 million. Executive director Siva Kumar Kalugasalam said the investment...

L&S Gloves said the partnership with Inix would expand the factory line to 14 with a potential production of over 11 billion pieces of rubber gloves a month and secure a minimum profit of RM5 million monthly for the company. — Picture by Shafwan Zaidon

“By embarking into this rubber business, I reckoned it will contribute between 40 and 50 per cent of our total group revenue. On Inix’s initial plan to acquire a factory located at the Sendayan Industrial Zone in Negri Sembilan, he said the company was relooking at all of its strategies to which are the quickest way of getting into the rubber glove business.“We are not as of now; we are still looking at ways to maximise the situation, maybe we will restart the whole operation at the other side as well,” he said.

 

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