Supermax included in MSCI Global Standard Indexes

By Johardy Ibrahim
editor@dagangnews.com

KUALA LUMPUR 13 August - Supermax Corporation Berhad will be added into the MSCI Global Standard Indexes as of close of 31 August 2020.

Supermax is amongst 18 companies worldwide, and 1 out of 2 companies in Malaysia to be added into the MSCI Global Standard Indexes under MSCI Malaysia Index.

Three largest addition into the MSCI Global Standard Indexes under MSCI World Index include P G & E Corp (USA), Peloton Interactive A (USA) and Zscaler (USA).

The three largest additions to the MSCI Emerging Markets Index will be Postal Savings A (Hk-C) (China), Beijing Shanghai A (HkC) (China) and Yandex A (Russia).

"Supermax adopts the Own Brand Manufacturing (OBM) model whereby we manufacture the products, package and market under our In-house brands,'' said the company in a statement here today.

"We currently export 55% of production under our own brands via our own distribution centres and 40% through independent distributors. The remaining 5% is for OEM production. Our products are sold to over 165 countries, the largest contributor being the Americas region which contributed 51% of revenue in FYE2020.

"Asia/Oceania and Europe each contributed 23% to FYE2020 revenue. In terms of product segmentation, 72% is from nitrile powder free gloves, followed by 18% from latex powder free and 7% and 3% from powdered latex and surgical gloves, respectively,'' said Supermax.

In terms of capacity expansion said the group, they have put in place expansion plans of building total of 5 glove manufacturing plants between now and until year 2022 with additional production capacity of 22.25 billion making total of 48.42 billion gloves by end of year 2022.

``The Supermax Group would invest total capital expenditure of RM1.3 billion for the new plants. - DagangNews.com