business

Johan Holdings' unit Dynacare starts production at newly-bought glove plant

KUALA LUMPUR: Johan Holdings Bhd's subsidiary Dynacare Sdn Bhd has rolled out its first commercial glove production of its first high capacity double-former dipping line at its plant in Perak on Nov 27.

Johan Holdings, in a statement today, said Dynacare had completed its acquisition of the 71,980 square metres of land in Lumut Port Industrial Park on Nov 26 this year.

The land has been utilised as the company's glove manufacturing plant.

"All approvals for the manufacturing and export of gloves have been obtained. Dynacare is expected to commission subsequent dipping lines in stages with a total of six dipping lines in commercial production by February 2022," it said.

According to Johan Holdings, Phase 1 would have a production capacity of 1.8 billion pieces of gloves per annum.

"The glove manufacturing outfit in Lumut Port Industrial Park will have 42 high-capacity dipping lines with a production capacity of 12 billion pieces of gloves per annum when completed," it said.

Johan Holdings said with the emergence of the new Covid-19 variant, Dynacare had received a deluge of enquiries from both local and international glove buyers from countries in North and South America, Europe, Middle East and Asia Pacific.

The company is in talks with potential customers for deliveries in December 2021 and January 2022.

"Johan Holdings expects the sales orders of the gloves business to start contributing to revenue and contribution by the second quarter (Q2) of financial year 2022. The company is confident of a positive contribution to its bottom line by Dynacare," it said.

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