Titijaya Land Bhd’s subsidiary Titijaya Resources Sdn Bhd had signed a collaboration and distribution agreement with Rubberex Corporation (M) Bhd for the sale of gloves to China via Sinopharm Medical Equipment QuanZhou Co. Ltd
Under the agreement, Titijaya and Rubberex will collaborate, distribute, export and sell gloves to the Chinese market via Sinopharm, and also to collaborate, distribute, import and sell personal protection equipment (PPE) and medical products from Sinopharm.
Titijaya deputy group managing director, Lim Poh Yit said: “This mutually beneficial relationship will create new opportunities and synergies in the export market globally by sharing our respective capabilities. In line with Rubberex’s undergoing expansion plans, we are also keen to participate and assist by providing our decades of experience in the field of industrial property development.”
To date, Titijaya has completed over RM2 bil worth of residential projects, and over RM1 bil worth of commercial projects.
Rubberex managing director, Khoo Chin Leng added: “We are confident about developing this synergistic alliance with Titijaya to distribute, export and sell our glove to China market via Sinopharm.
“China is the world’s most populous country, with a population of around 1.4 billion in 2019 and the usage of gloves has increase significantly after the pandemic. Apart from that, venturing into the distribution of personal protection equipment and medical products from Sinopharm will open up new avenues and greater access into a wide network of customers, which is a strategic move for both parties in their respective expansion plans.”
Going forward, Rubberex intends to become a significant player in the nitrile disposable glove segment. Upon completion of its latest phase of expansion, Rubberex will increase its total installed annual capacity to 2.5 billion pieces of gloves compared to 1 billion pieces in 2019.
To recap, Titijaya had on 29 April 2020 announced the signing of a strategic collaboration agreement with Sinopharm Medical Equipment QuanZhou Co. Ltd as collaborative partners to develop business in the marketing and sales, trading and supply of medical and hospital equipment and products and medical industry related real estate.
On 9 June 2020, Titijaya also signed a strategic collaboration agreement with China Sinomach Heavy Industry Corporation as collaborative partners regarding equipment for the medical producing line and the construction and technology support.