PETALING JAYA: Supermax Corp Bhd will be added into the MSCI Global Standard Indexes as of close of Aug 31, 2020.
Supermax is among 18 companies worldwide, and one out of two companies in Malaysia, to be added to the MSCI Global Standard Indexes under MSCI Malaysia Index.
Supermax adopts the own brand manufacturing model whereby it makes, packages and markets its products under in-house brands.
“We currently export 55% of production under our own brands via our own distribution centres and 40% through independent distributors. The remaining 5% is for OEM production,” Supermax said in a statement.
The group’s products are sold to over 165 countries, the largest contributor being the Americas region which contributed 51% of revenue in FY2020. Asia/Oceania and Europe each contributed 23% to FY2020 revenue.
In terms of product segmentation, 72% is from nitrile powder free gloves, followed by 18% from latex powder free and 7% and 3% from powdered latex and surgical gloves, respectively.
“In terms of capacity expansion, we have put in place expansion plans of building total of five glove manufacturing plants between now and until year 2022 with additional production capacity of 22.25 billion making total of 48.42 billion gloves by end of year 2022. The Supermax group would invest total capital expenditure of RM1.3 billion for the new plants,” it said.
