LUSTER

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OTHERS LUSTER INDUSTRIES BHD ("LUSTER" OR "THE COMPANY") EXECUTION OF AGREEMENT BETWEEN GLOVCONCEPT SDN BHD, A 60% OWNED SUBSIDIARY OF GLOVMASTER SDN BHD, WHICH IN TURN A 56% OWNED SUBSIDIARY OF LUSTER, AND AMERICAN NITRILE LLC FOR THE PROVISION OF ENGINEERING, PROCUREMENT, CONSTRUCTION AND COMMISSIONING ("EPCC") AND GLOVE TECHNOLOGY SOLUTION CONSULTING IN RELATION TO GLOVES PRODUCTION LINES IN UNITED STATES ("EPCC AGREEMENT")

LUSTER INDUSTRIES BHD.

Type Announcement
Subject OTHERS
Description
LUSTER INDUSTRIES BHD ("LUSTER" OR "THE COMPANY")
EXECUTION OF AGREEMENT BETWEEN GLOVCONCEPT SDN BHD, A 60% OWNED    SUBSIDIARY OF GLOVMASTER SDN BHD, WHICH IN TURN A 56% OWNED SUBSIDIARY OF LUSTER, AND AMERICAN NITRILE LLC FOR THE PROVISION OF ENGINEERING, PROCUREMENT, CONSTRUCTION AND COMMISSIONING ("EPCC") AND GLOVE TECHNOLOGY SOLUTION CONSULTING IN RELATION TO GLOVES PRODUCTION LINES IN UNITED STATES ("EPCC AGREEMENT")

For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements made on 12 April 2021, 14 April 2021, 19 April 2021 and 08 June 2021.

 

Reference is made to the announcements dated 12 April 2021,  14 April 2021, 19 April 2021 and 08 June 2021 pertaining to the agreement signed between Glovconcept Sdn Bhd (“GSB” or “1st Party”), the 60% owned subsidiary of Glovmaster Sdn Bhd (“Glovmaster”), which is in turn a 56% owned subsidiary of the Company, with American Nitrile LLC (“AN” or “2nd Party”) to provide Engineering, Procurement, Construction and Commissioning (EPCC) and Glove Technology Solution Consulting in relation to Gloves Production Line at 3500 Southwest Blvd/Grove City, OH 43123 or another designated location identified by AN.

 

The Board of Directors (“Board”) of Luster wishes to announce that the machine parts of the glove production lines (“Machine Parts”) will be ready for shipment by end of October 2021. The shipment of the Machine Parts to AN will be over a duration of 3 to 4 months subject to availability of the vessels.

 

This announcement is dated 04 October 2021.






Announcement Info

Company Name LUSTER INDUSTRIES BHD.
Stock Name LUSTER
Date Announced 04 Oct 2021
Category General Announcement for PLC
Reference Number GA1-04102021-00114