KLANG (April 22): Mah Sing Group Bhd, which expects to kick start its rubber glove production next month, said it has secured purchase orders for its gloves until September this year, with average selling prices of between US$85 (RM349) and US$115 (RM473) per 1,000 pieces.
The first batch of shipment will be sent to the buyers, which come from countries like China, US, the Middle East, Japan and Korea, in May and June this year, said Mah Sing's founder-cum-managing director Tan Sri Leong Hoy Kum.
“Currently, we are focusing on spot orders as spot prices are still very encouraging. That is why all orders we secured until September are spot pricing,” Leong told reporters during a media tour the group organised to its new glove factory in Klang.