Company expects 10% increase in export of medical and industrial gloves to the US.
The land is located close to Maxter’s existing cluster of manufacturing plants, facilitating management control and operational synergies.
Businessman Stanley Thai was convicted of insider trading last year and was jailed five years.
Tycoon Thai says his past criticisms not targeted at Najib Razak’s administration but the policies of previous administrations and that his apology is not linked to his insider trading court case.
The Selangor MB says it is unfortunate that even corporate figures can be pressured and threatened by BN.
Menteri besar Selangor itu turut mempersoalkan tindakan bos syarikat pengeluar sarung tangan getah itu membangkitkan isu itu menjelang PRU14.
The company surged as much as 6.9% at the Kuala Lumpur Stock Exchange.
Beliau enggan mengulas permohonan maaf Pengarah Urusan Kumpulan Supermax Corp Stanley Thai kepada perdana menteri.
Stanley Thai berkata beliau terpengaruh propaganda pembangkang, tetapi kini sedar pentadbiran Najib mempunyai dasar ekonomi yang kukuh.
Stanley Thai says he has full confidence in the current government's economic policies.
Managing Director Stanley Thai Kim Sim says it will invest RM100 million in high-end technology manufacturing of contact lenses and pump in RM1 billion to expand glove manufacturing.