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ASX:VIP

VIP Gloves Ltd

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Market:
ASX
Market Cap:
$31.44 m
Price
0.04 AUD
Change
-2.44%
52 weeks high
0.09
52 weeks low
0.04

In brief

VIP Gloves Ltd (ASX:VIP) produces and supplies gloves on an original equipment manufacturer (OEM) basis.

The company’s Malaysian subsidiary manufactures nitrile disposable gloves, used in the medical, health, dental and numerous other industrial and commercial sectors, from a plant in Selangor, Malaysia.

VIP’s gloves come with superior stretchable properties that will be able to adapt to the hand contours of the user at the moment it is slipped on and fits seamlessly like a second layer of skin.

Snapshot

As part of its plans, it raised $2.3 million to part-finance the installation of the initial two new nitrile glove production lines at its factory in Malaysia.