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Supermax to invest in US distribution facility
Supermax Corporation Bhd, a leading gloves maker, plans to invest US$8.5 million to build phase one of its distribution headquarters in Chicago as it grows its business in America.
The first phase of the distribution headquarters comprising the East Building would be operational between March and May 2013, Supermax Executive Chairman and Group Managing Director, Datuk Seri Stanley Thai said after the company's annual general meeting in Petaling Jaya yesterday.
The entire complex would have some 20,900 sq m upon completion, allowing the company to expand over the next five to 10 years, he said, adding that the new facility would assist the company to enhance its presence in the North American market, which now accounts for some 42% of its output.
Currently, Supermax, which operates nine manufacturing plants in Malaysia, produces up to 16 billions pieces of gloves a year, supplying some 11% of the global demand for latex examination gloves.
The group now exports to over 145 countries worldwide.
Adapted from StarBiz 31 May 2012 and Supermax website
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