In today’s briefing:
- Sri Trang Gloves (STGT TB): Revised Capacity Expansion Plan to Arrest Downfall in ASP
Sri Trang Gloves (STGT TB): Revised Capacity Expansion Plan to Arrest Downfall in ASP
- As continued strong market competition and excess capacities from major players have capped upward trajectory for ASP, key global glove manufacturers have revised their capex plans lower.
- To reflect the current industry climate, Sri Trang expects to reach an annual production capacity of 56.6 billion pieces in 2024 from 81.9 billion pieces earlier.
- The company aims to launch surgical gloves, which command a high margin, in the domestic market in Q4 2022.
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