Malaysian investment development authority announced great news for at 0072

Kuala Lumpur– AT System Bhd’s (ATS) Line 1 glove production factory in Chemor, Perak is set to launch its very first batch of medical-grade nitrile gloves in December 2020, with a price quote yearly turnover of RM860 million from the brand-new endeavor

AT System Bhd’s (ATS) Line 1 glove production factory in Chemor, Perak is set to launch its very first batch of medical-grade nitrile gloves in December 2020, with a price quote yearly turnover of RM860 million from the brand-new venture.In a declaration today, ATS stated this represents more than 40 times compared to the group’s yearly turnover of around RM20 million in its fiscal year ended March 31, 2020 (FY2020).
Far, it stated the center has actually been 80 per cent finished and production would start in early December, allowing earnings contribution from the brand-new glove company to start in the existing FY2021.” In every subsequent month, 2 brand-new glove dipping lines will be set up,” it stated.
By June 2021, the group anticipates to reach a glove production capability of 2.6 billion glove pieces per year, based upon the presumption of 24 hr each day and one month monthly.

” Each single previous assembly line can perform at a speed of 15,000 pieces of gloves per hour whereas each double previous assembly line can perform at a speed of 24,000 pieces of gloves per hour,” it stated.

The group likewise stated the preliminary target was to construct 6 glove dipping lines under stage one and another 6 lines under stage 2, and presently ATS has actually been dealing with its 13th line as it sees stronger-than-expected need ahead of production.

According to ATS handling director Choong Lee Aun, the group would invest RM120 million for the setup of the 13 glove dipping lines, together with associated centers and a brand-new structure.

” Eventually, ATS strategies to have an overall of 20 glove dipping lines, with lines 14 to 20 to be set up in a brand-new plant to be chosen later on,” he included.

( Source: NST and MIDA).

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