Ip Gloves Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

VIP Gloves appoints Kay Wen Chen as director VIP’s accelerated production of nitrile gloves in Malaysia is continuing despite a total lockdown in the country for 14 days from June 1 due to escalating COVID-19 cases. Kay Wen Chen’s father was instrumental in the formation of the company’s glove manufacturing operations in Malaysia in 2016. VIP Gloves Ltd (ASX:VIP) has appointed Kay Wen Chen as director following the passing of her father Wee Min Chen in May. Mr Chen was the company’s executive director and significant shareholder at the time of his passing. He was instrumen...

Production of nitrile gloves will not be impacted as this is among the ‘essential sectors’ allowed to continue operations by the Malaysian National...

VIP Gloves appoints Chin Kar Yang as group managing director VIP’s Malaysian subsidiary companies manufacture nitrile disposable gloves from a plant in Selangor, Malaysia with these gloves produced and supplied on an OEM basis.  Nitrile gloves can be used in the medical, health, dental and numerous other industrial and commercial sectors.  VIP Gloves Ltd (ASX:VIP) has appointed Chin Kar (Jimmy) Yang as group managing director of the company.  Yang has been with VIP since November 2017 and has been executive director responsible for nitrile glove sales and marketing.  He has...

VIP Gloves reports strong cashflow to support aggressive expansion and future dividends VIP Gloves Ltd's (ASX:VIP) Sebastian Chang tells Proactive's Andrew Scott revenue in its March quarter increased by 31% and average selling prices by 19% compared to the previous quarter. Production lines 5 and 6 were successfully commissioned during the quarter with total production output at 163 million pieces - an 18% increase compared to the previous quarter. Quick facts: VIP Gloves Ltd Price: 0.058 AUD

VIP Gloves implements aggressive expansion to serve expected demand growth as quarterly revenue rises 31%, shares soar The company believes the consistent rise in average selling prices is attributable to strong demand for nitrile gloves due to the pandemic, a change in habits and stronger health awareness. The company’s sales order book is filled to December 2021 with plans to build a second factory underway. VIP Gloves Ltd (ASX:VIP) enjoyed a productive March quarter, increasing revenue by 31% and average selling prices by 19% compared to the previous quarter with investors ...