current – Inspirasi Media Online

HSM Created A Seminar To Build Awareness of Bleeding Disorders

The Hemophilia Society of Malaysia (HSM) held the ‘CREATING AWARENESS AND EMPOWERING WOMEN & GIRLS WITH INHERITED BLEEDING DISORDERS’ webinar on 30 October 2021.

The seminar is held in order to build awareness of inherited bleeding disorders and empower the female community that suffers from them.

Joining in to support this movement was Dr. Kuldip Kaur A/P Prem Singh, Director of Sungai Buloh Hospital, along with other local medical experts to maximize the impact of this campaign.

“As we move forward, I believe it is important for people to be well informed on the subject of bleeding disorders, so that women who have inherited it need not feel ashamed of their condition; with campaigns such as this, we can change what is considered taboo to be normal.”

Most bleeding disorders are inherited and passed down through genetics and affect the clotting of blood that results in excessive bleeding both inside and outside the body. The inability to form blood clots can be dangerous, and they lead to easy bruising, frequent nosebleeds, heavy menstrual bleeding, and excessive bleeding from minor cuts. Hemophilia and Von Willebrand disease (VWD) are the most common inherited bleeding disorders.

Girls that have inherited these disorders face some complications when they come of age and start menstruating. These women experience menorrhagia during their menstruation, causing them to bleed excessively for more than seven days. Though every individual is different, to give a rough understanding of the volume of blood lost during their menstruation period – women with these disorders would typically bleed the equivalent of what a regular person would in seven days, during their first and second day.

Edwin Goh, President of the Hemophilia Society of Malaysia (HSM), said,

“Bleeding disorders have been male-centric due to the predominance of hemophilia in men. Because of this, the troubles and voices of the minority female population are disregarded. We need to work collectively to embrace these women, and show them they are accepted in our society, and that there is nothing to be ashamed about.”

At the press conference, Mdm. Kim Chew, Hemophilia A Carrier, Von Willebrand Disease (VWD) patient and Pn. Norhana Hussain, Hemophilia B Carrier Factor 9 Deficiency Patient, expressed that it is especially difficult for younger girls that are just beginning to get their period as they often find blood leaking through their clothes. Embarrassed and traumatized from this, most of them usually lock themselves up at home to avoid any contact with people. The trauma and routine is carried on towards their adult lives.

Hence, the ‘CREATING AWARENESS AND EMPOWERING WOMEN & GIRLS WITH INHERITED
BLEEDING DISORDERS’ campaign was established to encourage the female population with inherited bleeding disorders to accept their condition openly, and keep the public well informed so that they do not be too quick to criticize or judge when encountering such situations.

Sponsors – McMillan Woods Global, Novo Nordisk, TDOX Clinic, and Onecare Wellness were quick to jump in this movement and be exemplary role models as they stand alongside women with bleeding disorders.

The webinar was hosted by Dr. Choo Mei Sze, Youth Ambassador of the National Cancer Society of Malaysia. Local medical experts that supported the virtual event and gave empowering keynote sessions include:
⦁ Women’s Group Advisor – Dr. Jameela Sathar, Senior Consultant Hematologist at Ampang Hospital
⦁ Dr. Veena Selvaratnam, Hematologist at Ampang Hospital
⦁ Dr. Lavitha Sivapatham, Obstetrician & Gynaecologist at Ampang Hospital
⦁ Pn. Suzanah Abd Hamid, Psychology Officer at Sabah Women & Children Hospital Kota Kinabalu, Sabah

IKEA BRINGS KARISMATISK COLLECTION TO MALAYSIA

This KARISMATISK collection are in collaboration with iconic British designer Zandra Rhodes.

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The new KARISMATISK limited collection will be available at all IKEA Malaysia stores starting 21 October 2021.

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The fierce and fabulous range champions homes as an expression of who we truly are. With each product radiating character and charisma, KARISMATISK is made in collaboration with iconic British designer Zandra Rhodes and in-house IKEA designer Paulin Machado.

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With a collection so profound, IKEA has made this range not only an exclusive one but also affordable for everyone to own statement pieces that proudly shouts “here I am!” Boasting bold prints and vivid colours, the limited collection is loud, proud and statement-making. Much like Zandra herself, KARISMATISK gives meaning to fearless self-expression. It serves to reflect on your own true self, making it not only fabulous but functional and affordable.

The collection features over 20 expressive pieces* priced between RM4.90 – RM499. From cushions to fabrics, candle dish to mirrors, foldable boxes to vases and even bold multifunctional carrier bags, which is Zandra’s take on the iconic FRAKTA bag, KARISMATISK is perfect for those with an eclectic soul who dare to be themselves and express through a spectrum of designs and colours.

Together with Zandra Rhodes, IKEA uses the FIVE dimensions of democratic design:

form
function
quality
sustainability at an affordable price to create the expressive pieces.

Zandra Rhodes is a revolutionary force in the worlds of fashion and textiles for over five decades, championing individuality in all its forms. She has won numerous accolades for her outstanding contributions to the fashion industry and dressed numerous personalities. From Diana Princess of Wales to Diana Ross, Kylie Minogue to Debbie Harry, and Paris Hilton to Freddie Mercury, Zandra Rhodes is a true trailblazer and a one-of-kind fashion icon.

The KARISMATISK limited collection is a call to channel her confidence and charm into your home and express your personality. KARISMATISK will be available at all IKEA stores nationwide and online beginning 21 October 2021.

For more details on the collection visit: IKEA.my.
*While stock lasts.

MACEOS and BECM Announced ‘BE-READY’ Initiative For Business Events

The Malaysian Association of Convention and Exhibition Organisers and Suppliers (MACEOS), has collaborated with the Business Events Council Malaysia (BECM), to launched the ‘BE-READY’ initiative.

Designed to showcase the industry’s safe execution of events such as meetings, incentives, conferences and exhibitions (MICE), in line with their Business Events (BE) Guidelines, which have been developed in accordance with the approved Malaysian National Security Council (MKN) Standard Operating Procedures (SOPs).

‘BE-READY’ was officiated by Dato’ Dr. Noor Zari bin Hamat, Secretary General, Ministry of Tourism, Arts and Culture Malaysia (MOTAC) and Chairman of the Malaysia Convention & Exhibition Bureau (MyCEB) at the Kuala Lumpur Convention Centre (the Centre) and was supported by MyCEB.

The event brought to life exhibition stand mock-ups and various event setups to demonstrate practical examples of how business events in the new normal are being conducted in a controlled, organised, safe and structured manner, as part of an effort to rebuild public confidence in the meetings and events industry. By attending the launch, stakeholders and the media had a first-hand experience of event execution in the new normal.

The launch also included a briefing session for industry players and stakeholders on how to apply the BE Guidelines when planning and executing their events. The briefing covered employee and personal safety, physical distancing measures, increased health and safety measures, attendee management and control, as well as on-site communication encouraging adherence and the provision of guidance and compliance.

Chairman of BECM, Alan Pryor, shared,

“We are pleased to resume business events with strict adherence to stringent health and hygiene measures and our prime importance is to provide a safe, controlled and regulated operating environment for our clients, stakeholders and event attendees. We would like to commend the solidarity and collaboration of the industry supply-chain to proactively drive engagement with Government to get our industry SOP approved and to demonstrate that business events, unlike mass gatherings, are executed in a safe, controlled, and regulated environment.”

According to MACEOS President, Dato’ Vincent Lim,

“All of us must take note that it will be a new normal in organising and welcoming our visitors or delegates to our business events. Now that we have the BE industry guidelines and SOPs endorsed, we urge all members, professional conference organisers (PCOs), professional exhibitions organisers (PEO), convention centres, contractors service providers, and other stakeholders to strictly observe and comply to these SOPs.

These guidelines must be practiced; providing assurance and gaining public confidence that business events like exhibitions and conferences are safe; and that all industry players must play their role to collectively work and continue to take precautionary measures to ensure the safety and health of everyone as our foremost priority.”

Pryor concluded, “We welcome the additional steps that the Government has taken to support our sector. We continue to have open dialogue with the Government and are actively engaging with them on the value of our industry to the economy’s recovery. As a social and economic driver, Business Events deliver thousands of jobs, economic impact and grows Malaysia’s profile and market share globally. We are confident that with the Government’s support the Malaysian business events industry is well positioned to rebound strongly, and are thrilled to be hosting events again safely and securely.”

The ‘BE-READY’ launched was jointly organised by BECM and MACEOS, co-hosted by MyCEB and the Centre (venue host), with support by industry partners including C-BOSS, DOREMi, InQBay and Pico.

PG MALL Ranked the 3rd Most Visited Marketplace Online

Within a short span of 3 years, PG Mall, the homegrown online marketplace founded by Public Gold Group (commonly known as PG Group), has impressively ranked 3rd most visited online marketplace among other foreign-owned online marketplaces in Malaysia, by iPrice Insights with a total monthly site visit of 1,688,500 visitors as of its Q1 2020 report.

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Established in 2017, PG Mall is the brainchild of PG Group Founder and Executive Chairman, Dato’ Wira Louis Ng Chun Hau, who aspires to grow and push homegrown brands to global frontier under a unique Sharing Economy business model. In view of the evolution of internet over the last decade and rapid growth in eCommerce in the recent years, Public Gold which specializes in physical gold and silver bullions trading, equipped with online trading facilities since 12 years ago, saw an opportunity to diversify its gold & silver products, to venture into consumer goods trading under PG Mall Sdn. Bhd.

PG Mall’s strength as a newly founded local eCommerce site is in its shared customer base with Public Gold that has more than 1,000,000 customers (and still growing) across South East Asia (SEA). As part of its preliminary marketing goals, PG Mall aims to bridge its local merchants to regional SEA markets, followed by global venture in the near future to boost and accelerate the local economy.

Despite it being a fairly new player in the industry, PG Mall saw an impressive revenue growth in its initial startup years, and true enough, within just a short span of 3 years since its establishment, it has won over a substantial market share to compete with bigger and long-established international players within the ecommerce industry.

According to the Managing Director of PG Mall Sdn. Bhd., Dato’ Wira Louis Ng,

“We are thrilled by the recent ranking on iPrice. Based on iPrice’s 2019 third quarter report, we were ranked Top 5 for the highest monthly web visit among other international players of similar kind, and to be able to get onto the third position in just 6 months with an impressive increase of 812,400 total web visits, to 1,688,500 total web visits is definitely mind-blowing, especially for a homegrown brand like ours, which makes us the No.1 local eCommerce site in Malaysia. No doubt that we are now officially a serious market contender and will continue to aggressively grow to top the chart.”

From a mere RM500,000 revenue recorded in 2017, PG Mall’s revenue expanded 10 folds in the following year to RM5 million in 2018. With the exceptional growth seen to date, PG Mall is set to reach a targeted revenue of RM100 million by year end.

PG Mall’s rapid growth is made possible through an aggressive marketing strategy that relies heavily on shoppers to grow its merchant and customer base under its very own unique business concept known as ConsuMerchant.

The ConsuMerchant concept is basically a profit sharing plan developed to benefit PG Mall shoppers by rewarding them with cash back ranging from 0.5% up to 3.5% on every successful transaction made. This concept also applies for referring new shoppers onboard under PG Mall referral programme. For every successful transaction made by the referred shoppers, the introducers will also receive cash back of 0.5% per transaction, up to a maximum of 3.5%.

This business model aims to help create a healthy and balanced economy business ecosystem by giving everyone an opportunity to earn legitimate incomes and build a permanent business empire with PG Mall. The brand believes shoppers are the value creators for the whole economy chain, for every goods must have a buyer in order for it (goods) to be valuable within the supply and demand economy ecosystem.

“Our business model enables anyone at any age, to own a business empire through referral under our ConsuMerchant concept and drop shipping method, without needing to master any business skills. Mostly we want to revolutionise shopping through our ‘Shop, Share and Earn’ mechanism. In general, people shop to buy things they need or desire and while they Shop we reward them with cash back of 0.5% per transaction. And if they enjoy shopping with us, we encourage them to Share their wonderful shopping experience with family and friends, and reward them further with more cash back up to 3.5%. The more they shop and refer, the more cash back they will Earn. It’s that simple,” explained Dato’ Wira Louis.

To enhance its shipping facilities, PG Mall has collaborated with Pos Malaysia Bhd’s courier arm, Pos Laju under a strategic partnership, as the main logistic partner in the region. This enables PG Mall to reach out to millions of online shoppers in urban areas through Pos Malaysia’s 700 outlets nationwide.

Apart from Pos Laju, PG Mall also partners with many other renowned courier service providers such as DHL, GDEX, Skynet, ABX Express, J&T Express, Easy Parcel, Pgeon, The Lorry and CJ Century for the betterment of the logistic industry because PG Mall believes that the logistic industry in Malaysia is growing in tandem with eCommerce and getting more competitive by the day. Therefore, they deserve the support from eCommerce company like PG Mall to grow hand in hand to reach its full potential.

Not just that, PG Mall has collaborated with iPrice Group, Selluseller, and Involve Asia Technologies to adapt to the increasing demands of modern-day shoppers. Through these collaborations, they are able to share their marketing expertise with PG Mall. Also, for market expansion, PG Mall partners with leading telecommunication companies in Malaysia such as Maxis, Celcom and redOne to reach out to wider market.

To enhance shoppers’ online shopping experience, especially in the recent months with the increase in online shopping activities during the recent Movement Control Order (MCO) and ongoing Conditional Movement Control Order (CMCO) in battling the current Covid-19 pandemic, PG Mall has collaborated with major digital payment service providers in Malaysia namely Boost, GrabPay, Touch ‘n Go eWallet, Maybank QR Pay, iPay88, MCash and kiplepay to ease payment process while enabling shoppers to enjoy enormous special deals from time to time. PG Mall is the only ecommerce platform that integrates all major eWallet services in Malaysia for the convenience of its shoppers.
Since its inception, PG Mall has attracted over 10,000 merchants and 1,000,000 shoppers onboard with approximately 1,000,000 merchandise, consisting of mainly lifestyle products and services to cater to local and regional markets.

COWAY ‘KECIL’ For Cosmopolitan Homes

Sleek and slim, the NEW Coway water purifier offers direct water purification system and digital temperature panel.

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Small but smart like Malaysia’s fabled Sang Kancil, the water purifier which features direct filtration technology with minimalist design will be available from end of July 2020 onwards.

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Aptly named, Kecil (meaning small in Malay) shows that great things come in small packages. Its USPs can be summarized as “7-1-0”:

• 7-inch wide – it is compact, small and powerful!
• 1 Touch digital panel – providing a convenient water extraction experience
• 0 Seconds – the amount of time it takes to get clean and safe water from Kecil – with Coway’s direct filtration technology

Available in sago beige colour, it is specially designed for discerning and minimalist house owners with space-saving needs.

“Coway Kecil water purifier brings life-changing, clean water with urban Malaysian families in mind,” said Coway Malaysia’s Managing Director Kyle Choi Ki Ryong at the special virtual launch event hosted at Malaysia International Trade and Exhibition Centre (MITEC).

The launch featured Anslem Roy, one of Asia’s leading illusionists, who made the Coway Kecil water purifier ‘magically’ appear on stage in a sleek performance which delighted the audience!

The slim yet nifty water purifier offers infinite possibilities to “Change Your Life” – from a refreshing cold beverage to a steaming bowl of noodles with your loved ones in a jiffy. Coway Kecil is a perfect fit for cosmopolitan lifestyles.

“With a large number of residential properties at an average size of 1,000 square feet today, and modern house owners opting for compact appliances as opposed to bulky ones, we are confident that Kecil will be a hit among urban Malaysian households,” he said, adding that it can be well fitted into any nook and cranny in the kitchen or dining room.

The key features of the Coway Kecil are:

its direct water purification system
sleek and slim design

Coway recently won the Platinum award under the water purifier category for Reader’s Digest Trusted Brand 2020, the 6th year in a row.

“We are committed to ensure everyone is able to enjoy clean water free of impurities to safeguard their health and happiness. Unique to Kecil is its digital panel which provides a convenient, one touch water extraction experience with intuitive navigation, offering a variety of water temperature settings to meet the diverse needs of Malaysian households, allowing users to get easy and quick access to cold, hot or room temperature water effortlessly,” added Choi.

To optimise hygiene levels, the Kecil water purifier has a transparent faucet cover that is easily detachable for cleaning. It also allows users to spot dirt that may accumulate on its surface.

The Coway Kecil water purifier will be available for lease at a monthly rental rate of just RM99 or available for purchase at a retail price of RM 3,590.

The virtual launch event included a special video message from James Park, Managing Director of Global Business Division, Coway Co., Ltd. – streamed from Seoul, Korea. Park said Coway has been providing healthy, clean water options for over three decades and has been awarded the Water Quality Association Gold Seal Mark annually since 1995 in recognition of its high attention to quality. In 2010, Coway received Halal certification from Malaysia’s Islamic Religious Department for its water purifier series.

In his speech, Park has been proud of the Coway Malaysia team for successfully reaching 1.5 million customers across its entire customer base in Malaysia. This is a growth of half a million customers within the first half of 2020 and it appears to be on an upward trajectory as Malaysia heads into the recovery phase.

“As a market leader, we are dedicated to research and development of environmental solutions, particularly personal health and wellbeing. With the world’s best researchers working hand-in-hand, we strongly believe that we can achieve our mission of making the world a cleaner, safer and better place,” said James Park.

Coway remains at the forefront of innovative product design as The Life Care Company.

For more information on Coway’s Water Purifiers, please visit:

https://www.coway.com.my/products/water-purifier

ANZO Won Contract To Supply Copper Millberry For A Korea Company

Congratulations to Anzo Holdings Bhd for their winning!

For readers’ information, the contract was worth RM1.3 billion!

Anzo will supply the copper millberry for over a period of 40 months to a steel-making group in South Korea effective this July 1.

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Picture: Anzo Managing Director and major shareholder, Datuk Eddie Chai Woon Chet, who has been instrumental in gaining new business for the company

The company inked an agreement with CSTME Resources Sdn Bhd, a local distributor in a close door ceremony here. CSTME is one of the major importer and exporter of non-ferrous materials in Malaysia, specialising mainly in copper products.

According to the agreement made, CSTME will supply 1,420 metric tonnes of copper milberry, valued at RM23,000 to South Korean-based steel company on a monthly basis. The Korean company will then use the copper for remelting into copper plates and copper products for industrial and electrical construction purpose.

As for Anzo, trading securities for the group was suspended yesterday at the request of the company with effect from 4.22 pm, pending the announcement. The last traded price was 15 sen and it is remained untraded today.

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For the last two years, Anzo which is based in Port Klang, Selangor has been actively seeking new business from its current activity to diversify its income stream after posting losses for many quarters because of market conditions. In a recent filing with Bursa Malaysia, Anzo said it was revising the company’s business plans to mitigate any potential negative impact arising from Covid-19 that has been affected worldwide.

The company posted a revenue of RM8.37 million in the third quarter ended April 30 2020, almost SIX times more than the preceding year corresponding quarter. The group also achieved a minor pre-tax loss of RM2,000 compared to a pre-tax loss of RM1.03 million in the previous year’s corresponding quarter.

For the year to date, the company’s revenue and gross profit increased to RM15.51 million and RM1.38 million respectively and its pre-tax loss reduced by almost half, from RM2.7 million in 2019 to RM1.39 million in 2020.

A little note to highlight:

1. Anzo won RM1.3 billion contract to supply copper to a South Korean company.

2. Share price has been increasing, closing 15 sen prior to its suspension yesterday.

3. With the RM1.3 billion contract the company is expected to return to profitability this year.

4. It’s a counter to look at this year on Bursa Malaysia

With all the success, Anzo is set to record better earnings in the fourth quarter ending July 31, 2020.

Anzo’s Stock Traded The Highest, Making It The 7th Most Active in BURSA

Trading in Anzo Holdings Bhd’s securities has been suspended at the request of the company with effect from 4.22 pm today, 24 June 2020, pending an announcement.

NO DETAILS were provided by Anzo on the suspension.

However, sources with knowledge on the matter said that the announcement could be related to a major deal that is taking place as soon as this week, and it could be a game-changer for Anzo.

Anzo has been actively looking to diversify its business to improve its revenue stream and earnings, despite the Covid-19 pandemic.

In a recent filing with Bursa Malaysia, Anzo said it was revising the company’s business plans to mitigate any potential negative impact arising from Covid-19. The company posted a revenue of RM8.37 million in the third quarter ended April 30 2020, almost six times more than the preceding year corresponding quarter. This was mainly due to the contribution made from the trading section of the construction division, which provided RM7.5 million (2019: nil) turnover during the quarter. The timber division contributed only RM900,000 (2019: RM1.5 million) turnover during the period.

Anzo said that in line with the improved operating results, it had achieved a minor pre-tax loss of RM2,000 compared to a pre-tax loss of RM1.03 million in the previous year’s corresponding quarter.

For the year to date, and as a result of the improved trading business, the company’s revenue and gross profit increased to RM15.51 million and RM1.38 million respectively. As a result, its pre-tax loss reduced by almost half, from RM2.7 million in 2019 to RM1.39 million in 2020.

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Sources believe that Anzo may post better results in the fourth quarter ending July 31, 2020. The stock closed 2 sen or 15.38 per cent higher today at 15 sen, raising its market capitalisation to RM132.78 million.

It was the SEVENTH highest traded stock volume-wise on the local stock exchange. A total of 90.1 million shares were traded before the suspension. The closing price of 15 sen is also Anzo’s highest traded price over the last three years.

In April 2017, the stock had been trading around 40 to 50 sen range. In a filing with Bursa Malaysia on June 22, Anzo said that some foreign investors have acquired shares in the company. The company was replying to an enquiry from Bursa Malaysia following a news report.

Anzo Holdings Shares Its Highest Traded in 12 Months: Eyeing New Business?

With the highest traded within a period of ONE YEAR, this Malaysian’s manufacturer of high quality timber doors and markets timber products for building projects is ready for NEW business!

The company that located in Port Klang, Selangor are expanding from their current business to more new opportunities to generate additional income for the group.

It is understood that the group is talking to several foreign investors for the plan and according to the source with knowledge on the matter:

“The shareholders are planning something for Anzo to take it to a new level. Anzo could get new investors and they may inject new business into the group”

For readers’ information, shares of Anzo were:

UP 4 sen or 41.18 per cent
CLOSED at 12 sen

It was one of the HIGHEST traded stocks on the local stock exchange and the closing price at 12 sen was also the highest traded in the last 12 months!

The TOTAL VOLUME of shares transacted was: 189 million

Congratulations for such a great achievements!

“The hike in share price shows something is up in Anzo. Looking at the trend these days where most Bursa-listed companies are diversifying and venturing into healthcare and healthcare-related industries, Anzo could be planning the same to diversify its earnings,” said the source.

Besides timber, Anzo is also involved in construction and property development, focusing on construction and interior design fit up works and related maintenance services.

In a filing with Bursa Malaysia, Anzo said it is cautious of the prospects for the current financial year as the economy continues to face various headwinds especially with the coronavirus outbreak that has affected people globally.

A broad-based slowdown in the economy is expected and the group is actively pursuing measures to manage its operating costs and revising the business plans to mitigate any potential negative impact arising from the Covid-19 pandemic.

“Therefore, Anzo will continue to focus on its operational efficiency and productivity so that satisfactory results can be achieved for the current financial year,”

The group posted revenue of RM8.37 million in the third quarter ended April 30, 2020, almost SIX times more than the preceding year corresponding quarter. It said this was mainly due to the contribution made from the trading section of the construction division, which provided RM7.5 million turnover during the quarter.

However, the timber division was badly affected by the Movement Control Order (MCO) which came into effect in March 2020. This was evinced by its contribution of only RM0.9 million (2019: RM1.5 million) turnover during the period.

Anzo said that in line with the improved operating results, the group achieved a minor pre-tax loss of RM2,000 compared to a pre-tax loss of RM1.03 million in the previous year’s corresponding quarter.

For the year to date, as the result of the improved trading business, the group’s:

revenue and gross profit INCREASED to RM15.51 million and RM1.38 million respectively
Pre-tax loss REDUCED by almost half from: RM2.7 million in 2019 to RM1.39 million in 2020

Pearl Glove Is Now Under Property of AT Systematization

AT Systematization Bhd (ATS) has signed a Letter of Intent to acquire Pearl Glove (Malaysia) Sdn Bhd. and intends to DOUBLE UP the glove production from 500 million pieces to over 1 billion!!!

That is really a mass production!

Pearl Glove will manufacture 500 million pieces of gloves over 1 year at their plant in Kedah with the contract value is RM100 million and these gloves will be sold worldwide due to demand because of the global pandemic: Covid-19.

The acquisition process has been a success, subject to due diligence, regulatory and shareholder approval.

For the information, Pearl Glove is a pioneer status Malaysian company located in Sungai Petani, Kedah. The company primarily designs, develops and manufactures industrial gloves.

Its specialty is bespoke OEM and ODM products and has been trusted by global partners for their quality, design and eco-friendly manufacturing procedures.

ATS see this move as a logical expansion in the current environment of burgeoning demand for gloves and will seek to inject further capital and expertise to manufacture medical examination nitrile gloves to boost Pearl Glove’s capacity and product suite, post its acquisition.

Accordingly, Global Market Insights have reported that industrial safety gloves alone account for a global USD5 billion market and is expected to witness a Compound Annual Growth Rate (CAGR) of seven per cent all the way to 2025, as occupational health and safety trends move towards preventive and protective measures.

Meanwhile, a recent Bloomberg commentary expects Malaysia to churn out in excess of 240 billion units of gloves this calendar year, with demand already pushing production lines to maximum capacity up till mid-2021, compared to 182 billion glove pieces in 2019. Lead times for delivery of orders have climbed from 30 days to 150 days and the demand is seemingly incessant.

The global viral pandemic, Covid-19 that has spread quickly has required immediate resources be deployed to the safety of front liners, and medical examination gloves are of paramount need. The pandemic is expected to experience a second wave as the winter months hit the northern hemisphere.

Therefore, ATS feels that by investing in a turnkey glove company and adjusting for timing to adopt new machine lines and expertise, they will be ready to supplement the requirement of continuous growth for gloves by year end 2020. Should the rise in demand be consistent, ATS will be able to participate as an OEM manufacturer of existing producers, while investing in R&D to develop its own branding and products.

With Malaysia accounting for 67% of the global market’s glove business, this acquisition will make ATS a contributory to the unprecedented boom, bringing the company to a new level.

The Board of Directors of ATS are also convinced this is the right step forward that will benefit the loyal shareholders of the Company.

Well not only the Company, it will also benefit the global gloves users too!

Permaju Glove Venturing Into Glove Manufacturing

A right move by Permaju Industries Bhd since there are global demands for the gloves for the moment.

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Permaju Industries Bhd has incorporated a wholly-owned subsidiary, Permaju Glove Sdn Bhd (PGSB) to venture into glove manufacturing riding on the global shortage of gloves.

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In a filing with Bursa Malaysia last Friday, Permaju said PGSB, incorporated on June 5 2020 is 100 percent-owned by the group. The intended principal activity of PGSB is to manufacture, distribute, buy, sell and generally deal in rubber goods for industrial and commercial purposes.

“The rationale of the incorporation of PGSB is to facilitate the expansion of the business activities of the group and its subsidiaries.”

Permaju’s decision to incoporated PGSB since there are surge in demand because of the deadly novel coronavirus or Covid-19 in China that started last December 2019 and has since morphed into a global pandemic. More than 7 million people have been infected and the virus has now claimed over 400,000 lives worldwide.

Permaju is involved in the distribution of Volkswagen and Ford franchises, also property development and owns big parcels of land in Sabah and Seremban, Negeri Sembilan.

Alam Puteri by Permaju — Pemaju Industries Bhd is turning from developer to glove market to meet the global shortage of gloves

In Seremban, it has more than 300 acres of land that is suitable for property development or industrial activities. The group has been mulling to use the Seremban land to undertake various businesses, including property development projects but the plans did not materialise due to the challenging market conditions. They may use the land to construct a glove manufacturing plant for its new venture.

Currently in Malaysia, the glove manufacturing business is dominated by Top Glove Glove Corp Bhd, Supermax Corp Bhd, Hartalega Holdings Bhd and Kossan Rubber Industries Bhd.

Last year, global demand for gloves was 290 billion pieces, of which 187 billion were supplied by Malaysia. The current global demand for gloves is more than 300 billion pieces, owing to the pandemic.

Analysts who spoke on condition of anonymity said that Permaju may emerge as the next big player in the market as it has strong investors’ backing to take glove manufacturing to a higher scale. They also believe that demand for gloves will continue to rise because of a shortage of gloves in major markets world rubber gloves 3 wide.