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Wednesday, July 6, 2022

Rubber gloves and condom makers hail allowance

KUALA LUMPUR: Rubber gloves and condom makers are positive that the government has allowed automation capital allowance, but feel that it should not be limited to 200 per cent for the first RM4 million.

“The amount is far too low and inadequate for rubber products, in particular for the glove industry. We urge the government not to put a cap on this,” said Supermax Corp Bhd group managing director Datuk Seri Stanley Thai.

Karex Bhd, the world’s biggest condom maker, agreed that the new automation incentive does ease some burden.

However, Karex chief executive officer Goh Miah Kiat said the ceiling at the first RM4 million should be raised to a more practical level to better reflect the business practicalities.

“The manufacture of medical devices is highly capital-intensive as we have to meet international safety and hygiene standards. We hope the government can view our contribution more favourably,” he said.

The glove and condom industry is heading towards the next phase of growth, including the automation, while further incentive programmes in market development and branding will enhance global competitiveness of Malaysian-made medical devices.

Thai said the RM300 million allocated for promotion of new markets could help rubber product makers. “We hope that there is an effective implementation and disbursement of funds to genuine exporters,” he said. By Ooi Tee Ching

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