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Corporate Profile |
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 Medi-Flex
Limited, which was incorporated in Singapore
on 12 December 2003, stood out for being the
first cleanroom and medical disposable
natural rubber glove manufacturer to be
listed on the Singapore Stock Exchange (SGX)
in November 2004.
History of Medi-Flex is dated back to April
1999 when the Group first produced its first
disposable medical glove at its
manufacturing facility in Malaysia.
In 2007, Top Glove Corporation Bhd, which is
the world’s largest rubber glove
manufacturer, acquired Medi-Flex as the
former saw great potential in the latter’s
business, which fits into the overall growth
strategy of Top Glove.
Year 2008 was a challenging year, which saw
the slowing down in semiconductor and
electronic industry due to the global
financial crisis. The slowing economy
coupled with higher raw material costs have
resulted in a tough operating environment
for Medi-Flex.
While the new management team at Medi-Flex
has been working relentlessly to improve its
operations, the challenging business
environment has expedited the company’s
efforts in aggressively undertaking
stringent cost saving measures to enhance
product quality and efficiency.
To enable Medi-Flex to be more competitive
and efficient, the management has re-organised
its operations and introduced new range of
gloves to reduce reliance on cleanroom
gloves.
The company consolidated its operations in
2009. It ceased operations in a rented
factory in Meru and centralized them in the
plant in Banting. In September 2010, Medi-Flex
added eight (8) production lines at its
factory, which can generate another 0.75
billion pieces of gloves per annum. This
brought the total production capacity of
Medi-Flex to 1.87 billion gloves per annum
with 28 production lines.
For the financial year ended 31 August 2010,
Medi-Flex marked a significant milestone by
returning to profitability after years of
losses, thanks to the relentless efforts by
the new management team at Medi-Flex led by
Tan Sri Dato’ Sri Lim, Wee Chai.
To cater to the ever changing and evolving
glove industry, the Group formulated new
strategies in pricing, costing, marketing
and research and development, spearheaded by
its experienced management team.
Medi-Flex will leverage on its strong
presence in the world market to expand its
product range. |
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Corporate Structure |
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Name of Company |
Date and
place of incorporation |
Principal
activities |
Principal
activities |
Issued and
paid-up capital |
% of paid-up
capital effectively held by our
Company |
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Flexitech Sdn Bhd |
23 October 1987
Malaysia |
Engaged in the
manufacture and sale of gloves |
Malaysia |
RM11,757,248 |
100% |
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Techniglove
Asia Sdn Bhd |
21 March 2001
Malaysia |
Sale of
disposable gloves |
Malaysia |
RM2 |
100% |
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Corporate
Profile