Enviro-Hub forays into glove making with Pastel Glove granted manufacturing licence

SINGAPORE Exchange (SGX) listed Enviro-Hub Holdings has announced that Pastel Glove Sdn Bhd, in which Enviro-Hub has a 25 per cent stake, has obtained approval for a manufacturing licence from Malaysia's trade ministry.

The Ministry of International Trade and Industry Malaysia has granted the Malaysian glove manufacturer approval to produce nitrile medical grade examination gloves and natural rubber medical grade gloves. To keep up with the increased volume of output, Pastel Glove has installed and commissioned its first automated glove-dipping line, also known as single former glove-dipping line. The output and expected production capacity for this line is 132 million pieces of gloves per annum.

Following this, one additional glove-dipping production line is expected to be commissioned each month starting March 2021. The company aims to have all six production lines operational by September this year. The combined expected production capacity for the six glove-dipping production lines is 1.42 billion pieces of gloves per annum.

Said Raymond Ng, executive chairman of Enviro-Hub: "As a new player in the burgeoning glove manufacturing industry, Pastel Gloves is well-positioned to benefit from the current buoyant demand, as well as the elevated spot price for gloves. We are confident that Pastel Gloves will add a recurrent revenue stream to the group, allowing us to leverage the sustained demand for healthcare products."

In October last year, Aspen Glove, a unit of Aspen (Group) Holdings, also obtained the green light from Malaysia's trade ministry to produce medical grade examination gloves.

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