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Riverstone Holdings To Ramp Up Production By 1 Billion Gloves
Daily Bulletin | 19 June 2015
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Riverstone Holdings’ wholly-owned subsidiary, Eco Medi Glove, had awarded to a company incorporated in Malaysia for the construction of a new glove factory building for RM15.8 million.

Part of the phase 3 expansion, the new building is expected to be completed by early 2Q16 and could add a production capacity of 1 billion gloves.

This follows from the completion of the phase 2 factory building this year where work on an additional 6 production dipping lines costing RM19.1 million is expected to be installed by the third quarter of this year, increasing the group’s production capacity by 1 billion gloves to 5.2 billion gloves per annum.

Riverstone Hldgs  0.965 -0.015 -1.53%   
Business: Glove manufacturer specialised in production of nitrile & natural rubber clean room gloves. [FY18 Geographical] M'sia (92.4%), Thailand (3.6%), China (3.3%), others (0.7%).

Insight: May-19, 1Q19 revenue rose 14.6% to RM240.5m due to... Read More

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