Lim: It takes time to turn around Aspion

TheStar Wed, Jan 09, 2019 07:52am - 5 years View Original


“We have just acquired Aspion. It is making a small profit now, but not as much as what we expected,” Lim(pic) said.  Top Glove, the world’s largest rubber glove manufacturer, acquired surgical glovemaker Aspion from Adventa Capital Pte Ltd for RM1.37bil last April.

“We have just acquired Aspion. It is making a small profit now, but not as much as what we expected,” Lim(pic) said. Top Glove, the world’s largest rubber glove manufacturer, acquired surgical glovemaker Aspion from Adventa Capital Pte Ltd for RM1.37bil last April.

SHAH ALAM: Top Glove Corp Bhd expects factories under its newly acquired unit, Aspion Sdn Bhd, to complete their turnaround programme in one to two years, says executive chairman Tan Sri Lim Wee Chai.

“It will take time to turn around. We have sent our team of engineers, chemists and managers to improve their quality and efficiency standards.

   

“At the moment, Aspion is very far behind Top Glove’s standards,” he told reporters after the group’s AGM here yesterday.

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