“Receiving the FDA 510(k) certification shows our commitment in upholding the highest standards, and to expand our presence in the international market,” says Raymond Ng, executive chairman of Enviro-Hub.
“As a new player to the burgeoning glove manufacturing industry, Pastel Gloves is well-positioned to benefit from the current strong demand for gloves,” he adds.
Enviro-Hub had on May 21 announced that it will be acquiring the remaining 75% stake it does not already own in Pastel Glove for $46.8 million.
A total of six production lines with an expected production capacity of 1.42 billion gloves per annum are projected to be operational at Pastel Gloves by September, with further plans for expansion.
See: Enviro-Hub to acquire remaining 75% stake in Pastel Gloves for $46.8 mil
Shares in Enviro Hub closed up 0.3 cents or 3.61% higher at 8.6 cents on June 7.
Photo: Enviro-Hub Holdings
