Biomax Rubber Industries Ltd.
Biomax Rubber Industries Ltd.: 10 million USD sales target with expansion plan
PRESS English Kuala Lumpur/Bermuda 11.03.2015 – Biomax Rubber Industries Ltd.10 million USD sales target with expansion plan Biomax Rubber is very excited to announce that it fits the overall specification of nitrile gloves in demand by larger scale orders which we have been seeing already from existing clients. We continue to work on increasing the awareness of our products as we already have gained a lot of trust from current clients regarding product quality, production time and delivery. Current full production capacity is 350 Million gloves per year. The Company is looking to expand production to cope with current demand exceeding 500 Million Gloves per year which in turn would translate into 10 Million USD revenue. A 100% increase in revenue based on 2014 figures. “Global Rubber Gloves Market Report: 2014 Edition”found that Malaysia holds the prestige of retaining its position as the world’s largest supplier of rubber gloves, commanding over two-third of global market share.The US and Europe are the largest importers, especially of nitrile gloves which is where Biomax specialises in. The market for rubber gloves is highly competitive with few large players dominating both global and regional markets. All these companies have rolled out their production plans to increase their capacities, supply better products and to meet the increasing demand globally. The key factors driving growth of the global rubber gloves industry include rising number of ageing population, increasing healthcare expenditure, accelerating awareness of hygiene and healthcare reforms with more stringent regulations, improvement in global economic growth, and increasing potential of emerging markets. Some of the noteworthy trends and developments of this industry are shifting demand from natural rubber glove to synthetic rubber glove, fluctuating Malaysian Ringgit and consolidation of the global industry. About Rubber Industries Ltd. Established in 2010, and is now a well organized and a profit making company with main business in medical/examination (“ME”) glove manufacturing in Malaysia. BioMax Rubber Industries is well recognised in the manufacturing and trading of premium non-sterile latex ME gloves, pre-powdered, polymer coated and trades chlorinated powder free gloves for the healthcare industry. Today, BioMax Rubber Industries’ products are exported to more than 20 countries worldwide to countries such as United State of America, United Kingdom, Japan, Vietnam, Europe, China, Middle East, India and Australia with its strong reputation of good product quality, timely delivery and excellent customer service. There are multinational companies in developed countries, who have made BioMax Rubber Industries as their preferred OEM manufacturer. Biomax Malaysia employs seventy eight (78) full time employees at its factory in Malaysia, and produces approximately 384 million pieces per annum of ME gloves per annum and the factory has four (4) operating production lines. The production lines produce Latex ME gloves ‐ powdered (smooth, white) in all glove sizes. Contact Investor- and Public Relations: Biomax Rubber Industries Opern Turm 60306 Frankfurt Phone: +49 69 1200 66938 Email: info@biomax-invest.com End of Media Release Issuer: Biomax Rubber Industries Ltd. Key word(s): Finance 2015-03-11 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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