Supermax profit to rise to 20%


Malaysian rubber glove maker Supermax Corp Bhd is expecting to earn an increase of 20% in their net profit in its financial year ending Dec. 31, 2012, as it implements the automation in its rubber glove plants.


According to the company, the automation will save 40% to 50% of the labour costs and this can lead to higher profits in 2013.


“We are confident of achieving a 20% full-year profit after tax growth,” Supermax executive chairman and group managing director Stanley Thai said.


The company is also gearing up for expansion and boosting the production capacity through building two new plants as well as implementing the automation in all of its manufacturing facilities in the US. (RJA)