01/27/2015

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MALAYSIA: Kossan Rubber raises glove manufacturing capacity

Plant 19 is slated to be fully operational by February. "These plants will add six billion pieces to the group's annual capacity. "We understand that Kossan has secured buyers for a significant portion of these additional outputs and we are confident that it will maintain utilisation rates at 82% to 85%,” Alliance DBS said in a report. It said Kossan's 15-acre development, comprising Plants 20 and 21 in Meru, Klang would contribute a combined annual capacity of 3.5 billion gloves. "We have imputed a three-month contribution for these plants,” it said, adding that construction works are expected to begin in the first quarter of this year, with targeted completion by the second or third quarter of 2016. Source: Daily "The Star”, Kuala Lumpur; 15 Jan 2015
(Syed Rashid Ali, Karachi, Pakistan)

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