Supermax Corp Bhd (KL) is set to begin commercial glove production at its first US manufacturing facility in Texas by January 2025. Its US-based unit, Maxter Healthcare Inc, will start testing and commissioning its initial production lines in December 2024. The first phase will have a production capacity of 4.8 billion pieces of gloves per annum, aiming to reach half capacity by next year. The full expansion is expected to be completed by the fourth quarter of 2025. Supermax currently has a total production capacity of 21 billion pieces of gloves per annum, with 29% of its sales directed to the US.
Samaiden Group Bhd (KL) plans to expand its renewable energy (RE) business into Indonesia through a joint venture (JV) with PT MCS Bina Energi. The JV, which will be established by Samaiden's subsidiary, Samaiden SG Pte Ltd, will have a 70:30 shareholding structure with an authorized capital of 10 billion rupiah (RM2.8 million). Samaiden will provide technical advisory services, while PT MCS Bina Energi will focus on identifying local business opportunities and navigating regulatory challenges.
Resintech Bhd (KL), a pipes and fittings manufacturer, is forming a joint venture with SEDC Energy Sdn Bhd, a unit of the Sarawak Economic Development Corp, to trade industrial plastic products in Sarawak. The JV aims to enhance Resintech’s trading capabilities and explore new opportunities in Sarawak’s industrial sector. Resintech will hold a 60% stake, while SEDC Energy will subscribe to 40% of the new shares. The JV may consider expanding into manufacturing based on market demand.
Perak Corp Bhd (KL), facing significant debt challenges, has been granted another six-month extension by Bursa Malaysia to submit its regularisation plan, now due by February 9, 2025. This marks the sixth extension given to the company as it works towards restructuring.
MyEG Services Bhd (KL) has partnered with the Federation of Malaysian Freight Forwarders (FMFF) to promote ZTrade, a blockchain-based trade document system, as Malaysia’s National Single Window (NSW) for cross-border trade facilitation. This follows MyEG’s recent collaboration with East Logistics Link Co Ltd, a unit of the General Administration of Customs of China, to develop an NSW for ASEAN. ZTrade, based on MyEG's Zetrix blockchain platform, aims to provide near real-time access to certificate data, improving tariff calculations and customs clearance efficiency.
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