Malaysia Stock: Kossan Is A Highly Efficient Rubber Glove Producer

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Background

Kossan Rubber Industries Berhad was founded in 1979 with headquarter in Klang, Malaysia.

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Kossan Rubber Industries Berhad was founded in 1979 with headquarter in Klang, Malaysia

KRI engages in manufacturing and sale of rubber products under four segments: Technical Rubber, Gloves, Cleanroom and Others.

Gloves contribute the majority of revenue at 88%. Currently, KRI has 21 plants including 16 for gloves.

Business Description

Exports account for 94% of sales and KRI sells to more than 190 countries. KRI has a total of 21 plants: 16 for gloves, 4 for technical rubber and 1 for cleanroom. All plants are located in Malaysia except for cleanroom which is in Dongguan, China.

Gloves contribute 88% of revenue. It produces natural rubber latex and nitrile powder examination gloves and procedure gloves for medical, professional, specialty, and surgical applications.

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Exports account for 94% of sales and KRI sells to more than 190 countries. KRI has a total of 21 plants: 16 for gloves, 4 for technical rubber and 1 for cleanroom.

In technical rubber, KRI produces engineered rubber products used in a wide array of industries, including infrastructure, automotive and industrial applications. Cleanroom includes face masks, gloves, and wipes used in electrical and electronic industries.

Plant 17 was fully commissioned in November 2018 and brought annual capacity to 27bn pieces. Another two plants are expected to commission in 2019 and increase production by 5.5bn. KRI has purchased a piece of land in Perak, Malaysia for expansion, which is expected to be completed in eight years and add annual capacity of 45bn pieces.

Leadership

Mohammed Shafeii was appointed as the Chairman of KRI in 2017. Recently, he has also taken on directorship for Perak Corporation Berhad (PRK MK) and Majuperak Holdings Berhad (MJPR MK). He holds a Bachelor of Arts degree from the University of Waterloo, Canada and a Master of Business Administration from the University of Dundee, Scotland.

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Disclaimer: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and ...

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