Sri Trang Gloves sees chance to expand fast by investing in automation
The company has been making 'continuous improvements to its productivity and efficiency' even before average selling prices of gloves began falling significantly
Singapore
THE latest glove maker to hit the Singapore market might be a minnow compared to the industry leaders, but it has big plans to increase its capacity and lift its productivity in the wake of the massive pandemic-driven boom in demand.
Jarinya Jirojkul, CEO of Sri Trang Gloves Thailand (STGT), told The Business Times in a recent interview that she expects global shortage of gloves to possibly last for the next 12 months, providing a window for her company to grow quickly.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Seatrium eyes S$28 billion in project opportunities amid global race for energy security
China targets offshore billions in biggest crackdown in decades
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital