Supermax Corp revenue rises to RM1.02b

Supermax Corporation Bhd, the world’s second largest rubber gloves maker, has recorded a 5.1 per cent increase in revenue to RM1.02 billion for the financial year ended Dec 31, 2011 compared with RM977.28 million previously.

Pre-tax profit for the year decreased 38.6 per cent to RM112.95 million from
RM183.84 million.

"While revenue improved on higher average selling prices, the continuous
rise in rubber latex prices throughout the year as well as the weakening of the
US dolar resulted in the group's profit margin squeezed," said Executive

Chairman and Group Managing Director Datuk Seri Stanley Thai in a statement
today.

Going forward, he said, the group was in the advanced stage of completing
its surgical glove plant in Sungai Buloh which was expected to be commissioned in stages from March 2012 onwards.

"The new lines in this plant will increase the group's surgical glove
capacity by 10-fold.

"Besides this, we are also moving ahead with plant No.10 and No.11 in Meru,
Klang, over the next two years. These two plants are built with inter-switchable
capabilities to accommodate either natural or nitrile rubber gloves production,"
he added.

He said the group expected to double its nitrile glove capacity from its
current 5.2 billion pieces per annum to 10.5 billion pieces per annum next year.

"This increase in nitrile glove production capacity will represent 52 per
cent of Supermax’s total installed capacity," he said. -- Bernama