UG Healthcare eyes emerging markets
The company expects sales from China, Brazil and Nigeria to increase over the next few years
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INCREASED risks of transmission from infectious diseases over the years, such as Aids and the avian flu, have raised hygiene awareness in emerging countries such as China, Brazil and Nigeria, and have translated into higher demand for medical supplies, including medical gloves.
But maker of latex and nitrile (synthetic rubber) gloves, Malaysia-based UG Healthcare, expects demand from these markets to surge even further.
With UG Healthcare's products currently distributed to more than 50 countries, including its core markets in the United States and Europe, sales from China, Brazil and Nigeria presently constitutes a small percentage of the company's total revenues for the year ended June 30, 2014, which stood at S$49 million.
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