Supermax (Malaysia)
Supermax Corporation Berhad (MYX: 7106) started as a trader and exporter of latex gloves in 1987 before venturing into manufacturing in 1989. It is Malaysia's largest Own Brand Manufacturer and the world's second largest producer of rubber gloves.
| Type | Publicly traded company |
|---|---|
| MYX: 7106 | |
| ISIN | MYL7106OO007 |
| Founded | 1987 |
| Founders | Stanley Thai Kim Sim Cheryl Tan Bee Geok |
| Headquarters | Lot 38, Putra Industrial Park, Bukit Rahman Putra, 47000 Sungai Buloh, Selangor, Malaysia |
Key people | Rafidah Aziz, Chairman Stanley Thai Kim Sim, Group Managing Director Cheryl Tan Bee Geok, Group Executive Director |
| Website | www |
Supermax has succeeded in establishing its own brands with a strong presence in Canada, the U.S., the United Kingdom and Brazil. Almost 100% of its production is exported to medical and dental buyers.
Its main competitors are Kimberly-Clark, Ansell, Allegiance and Microflex.
In 2020 during the COVID-19 global pandemic, strong demand for rubber gloves sent Supermax's share prices on a five-fold jump. Founder Thai Kim SIm recorded an estimated net worth of $1 billion at the stock high in early June 2020.[1]
In November 2020, the company donated a total of RM75 million to the Government’s COVID-19 fund set up to battle the pandemic.[2]
Subsidiaries
- Supermax Glove Manufacturing Sdn Bhd
- Maxter Glove Manufacturing Sdn Bhd
- Maxwell Glove Manufacturing Bhd
- Supermax Latex Products Sdn Bhd
- Supermax International Sdn Bhd
- Supermax Energy Sdn Bhd
- Supermax Global Ltd (Bermuda)
- White Oak Global Property Ltd (USA)
References
- "Covid-19 creates new billionaires in Malaysia, Thailand". Hindustan Times. 2020-06-16. Retrieved 2020-06-16.
- "Kossan, Top Glove, Hartalega and Supermax confirm donations to Govt's RM400 mil COVID-19 fund". The Edge Markets. 2020-11-06. Retrieved 2020-11-19.