“Although being a new entrant during a period of strong market demand, we believe that global demand for rubber gloves will steadily increase in the long run and with strategic planning around pricing, competitors, marketing strategies and distinctive positioning, the Group will be able to penetrate the market and gain a reasonable market share,” said president and group CEO of Aspen Group Dato’ M. Murly, in a statement dated August 12.
Aspen Group, the Malaysian property developer, says it intends to include the manufacturing and distributing of rubber gloves under its scope of core business on September 2.
The group, on August 12, entered into a joint venture agreement (JVA) with investment holding company CMY Capital to diversify its business into the manufacture and distribution of rubber gloves. The agreement was signed by the group’s wholly-owned subsidiary AVA.
