Malaysia-based Prince Premium+, an emerging glove brand manufactured by GIS Resources Sdn Bhd has entered into a three-year distribution agreement with Chicago-based PPE Advantage (Dsource LLC). Under the agreement, PPE Advantage becomes a US Master Distributor of Prince Premium+ nitrile and latex examination-grade gloves for the US and Latin American markets. The distribution agreement is valued at over US$200 million/year and the first shipment of Prince Premium+ gloves to PPE Advantage began in March.
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In addition, Prince Premium+, which has started gloves production in November 2020, is increasing its monthly production capacity from the current 1.5 million boxes of gloves (at 50 pairs of gloves per box) to five million boxes starting May 2021.