Bursa Alert
Global Market
NewsGlove makers to invest RM300m to RM500m in automation
Page 1 of 1
Glove makers to invest RM300m to RM500m in automation
by hlk Tue 04 Sep 2012, 13:42
KUALA LUMPUR: Malaysian rubber glove makers will invest between
RM300mil and RM500mil in the next five to 10 years to enhance their
automation system and reduce labour costs, an industry official said.
Malaysian Rubber Glove Manufacturers Association president Lim Kwee Shyan said on Tuesday that automation would help manufacturers reduce labour costs by 30% in less than five years.
There
will also be a shift in hiring more skilled workers like local
graduates and reduce employment of non-skilled workers like as foreign
workers, he said after the 6th International Rubber Glove Conference
and exhibition,
By adopting newer technology, it would help
players to reduce costs thus mitigate risks from hike in latex prices,
natural gas prices and labour costs which would affect the profit
margins, said Lim.
RM300mil and RM500mil in the next five to 10 years to enhance their
automation system and reduce labour costs, an industry official said.
Malaysian Rubber Glove Manufacturers Association president Lim Kwee Shyan said on Tuesday that automation would help manufacturers reduce labour costs by 30% in less than five years.
There
will also be a shift in hiring more skilled workers like local
graduates and reduce employment of non-skilled workers like as foreign
workers, he said after the 6th International Rubber Glove Conference
and exhibition,
By adopting newer technology, it would help
players to reduce costs thus mitigate risks from hike in latex prices,
natural gas prices and labour costs which would affect the profit
margins, said Lim.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Hot Stocks Glove makers mixed reaction to US Ebola scare; Top Glove, Supermax buck KLCI decline
» Not quite a turnaround yet for glove makers
» Glove makers in play
» Glove makers up in early trade
» Glove makers buck cautious market
» Not quite a turnaround yet for glove makers
» Glove makers in play
» Glove makers up in early trade
» Glove makers buck cautious market
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum