, Singapore
595 views

Sri Trang Gloves stretches operations in US with new subsidiary

The subsidiary will serve as the US sales and distribution office.

SGX secondary-listed Sri Trang Gloves Company Limited (STGT) will expand its sales and distribution in the US after putting up its wholly-owned subsidiary, Sri Trang Responsible Gloves Supply (STRG) in Chicago.

The glove manufacturer said its new subsidiary will complement its other US-based company, Sri Trang USA, which is operating as a warehouse and distribution centre in Florida. 

STRG will help Sri Trang Glove’s customer base amongst the original equipment manufacturer industry and larger third-party distributors.

READ MORE: SGX-listed Sri Trang Gloves hits record net profit of $991.38m in FY21

STGT CEO Jarinya Jirojkul, said strong demand for gloves in the US will offer good growth opportunities for their company.

“The establishment of STRG will enable us to engage existing and prospective customers more effectively as we look to capture a larger slice of the American pie,” he said.

READ MORE: Sri Trang Gloves' new Chumphon facility begins production

Last year, the disposable glove market worldwide amounted to $17.3b (US$12.3b) and the US, the world’s largest market, accounted for 33% of the total revenue share.

$1 = US$0.71

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Startup pushes preventive healthcare through digitalised longevity solutions
Mito Health CEO Kenneth Lou believes their personalised platform can address potential future health concerns and extend lifespan.
Healthcare
Budget 2024: 3 tax strategies to offset BEPS 2.0 effects
Should the directive be implemented, selected MNEs will be subject to a global minimum tax of 15%.