GEORGE TOWN: Aspen (Group) Holdings Ltd’s subsidiary, Aspen Glove Sdn Bhd has entered into a US$100mil medical-grade examination glove sales and distribution agreement with an unnamed third-party distributor.
In a statement yesterday, the Penang-based property group said the distributor will offtake its entire 2021 production of approximately one billion pieces of nitrile and/or natural rubber medical-grade examination gloves to be produced from May 1 to Dec 3,2021.
“With the agreement, Aspen Glove has secured US$100mil in sales value on the assumption of a provisional average selling price of US$100 per 1,000 pieces of gloves.
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