Indorama invests US$25 mn to expand rubber glove capacity, production

February 27, 2017

IndoramaPolyester powerhouse Indorama has invested US$25 million to expand the capacity of its subsidiary, PT Medisafe Technologies, which produces rubber gloves. The investment will allow Medisafe to build its sixth plant at its North Sumatra complex, which has existed since 1989.

After the expansion, production capacity is expected to increase to 2.7 billion rubber gloves per year and open 1,700 employment opportunities, Indorama chairman Sri Prakash Lohia said.

“Indonesia is our main pillar to grow in the Asia-Pacific, the existence of high-quality local products in the international market is a base to develop this rubber glove industry further,” Sri Prakash said in a statement.

Medisafe and YTY chairman Vikram Hora said 99% of their products were exported to the US and Europe.

Indonesia’s Industry Minister AirlanggaHartarto appreciated the investment. He also hoped that companies in the rubber industry could build research facilities so that they could boost the export quality of the product.

“Indonesia’s rubber glove exports in 2016 reached US$232.5 million, placing this industry in second position after the tire industry as the biggest rubber derivatives [exporter],” he said during the inauguration of Medisafe’s factory.

The ministry’s downstream chemical industry director Teddy Caster Sianturi said the country’s rubber manufacturing industry had not reached its maximum potential because as the second biggest natural rubber producer in the world, only 20% of annual raw natural rubber production was being utilized by domestic industries.

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