Already being a well-known player in the property development, tourism and hospitality industry, Iconic Worldwide Berhad will venture into the making of face masks, gloves and other personal protective equipment (PPE).
With an investment of RM155.51 million, it will be used for land acquisition, construction of new facility, installation and commission of production lines, other equipment and working capital.
The plant has capacity to produce some 3.1 billion pieces of gloves per annum and approximately 222.7 million pieces of face masks per annum.
The plant will be located on a parcel of land measuring approximately 6 acres located in Batu Kawan, Penang for the construction of the new manufacturing facility.
A total of 22production lines comprising 12 gloves dipping lines and 10 masks production lines will be installed and commissioned over the course of 12 months.
The new factory is expected to be completed within 12 months from the commencement of construction and operate by the second half of 2021.
“We expect that the demand for PPE will continue to be sustainable even after the recovery of Covid-19 pandemic due to the prevailing public awareness on the need for self-protection and hygienic practices.
“Therefore, it is timely to capture the rising demand for the products offerings under the PPE Business. We will also be targeting countries with high Covid-19 infection rates such as European & United States as principal export markets for the PPE Business.” said Iconic Worldwide Managing Director Dato’ Tan Kean Tet
He added that they intend tomanufacture and trade latex and nitrile gloves for household, industrial and medical use, as well as two main types of disposable face masks namely three-ply disposable medical face mask and N95 disposable medical face mask.