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INDUSTRY NEWS
MEDISAFE RECEIVES APPRECIATION AWARD FROM DISTRICT GOVERNOR FOR CSR EFFORTS
On February 8, 2018, Medisafe Technologies received an Appreciation Award from the Office of the District Governor – Deli Serdang for reconstructing houses of the under-privileged dwellers in the surrounding area as part of its Corporate Social Responsibility (CSR) efforts. Medisafe envisions to build a society where people and the environment co-exist harmoniously. This is […]
Learn MoreLOHIA FOUNDATION TO BUILD HOMES IN EARTHQUAKE-TORN NEPAL
May 2015 — The Founder and Chairman of Medisafe’s corporate parent, Indorama, has committed funds to rebuild 200 homes in quake-ravished villages in Nepal through his philanthropic arm, the Lohia Foundation. Mr. SP Lohia joins another non-resident Indian (NRI), Mukesh Kumar Sehgal, in efforts to collectively build an estimated 1,200 quake-resistant homes. Mr. Lohia met […]
Learn MoreMEDISAFE ACHIEVES TOP ENVIRONMENTAL HONORS
Medisafe is pleased to inform that in October 2014 it has been awarded the highest possible environmental ranking within Indonesia by the Ministry for Industry, Government of Indonesia for its glove manufacturing facility in Medan, Indonesia. Medisafe achieved a Level 5 rating, on the Government’s Green Level Industry rating system. Through a comprehensive on-site audit, […]
Learn MoreMEDISAFE LAUNCHES ANOTHER EDITION OF GLOVEBUZZ
Medisafe is pleased to announce another edition of GloveBuzz, a newsletter designed to keep industry participants abreast of today’s clinical news, Medisafe doings and areas of interest that may impact your business. Some of the news covered in this issue: Malaysian GSP preference ends; European glove costs increase by 2.7% Indonesia & Malaysia face rising […]
Learn MoreMALAYSIA UNEXPECTEDLY RAISES GAS PRICES BY ALMOST 20%
On Friday, April 11, 2014, Gas Malaysia Berhad announced that it would raise prices across Malaysia. The extent of the increase ranges from 13% to 20%, based on the tariff category of each industry. Malaysian glove manufacturers were particularly hard hit by this announcement given they fall into the highest tariff category, meaning that they […]
Learn MoreMEDISAFE COMMISSIONS STATE-OF-THE-ART GLOVE PLANT
April marks the rollout of Glove Plant (GP) 5, Medisafe’s newest glove production facility. The expansion project is being celebrated for its state-of-the-art automation and technology backbone that will make it the most modern and automated disposable glove facility in the industry today. By June 2014, when the final phase of GP 5 will be […]
Learn MoreMALAYSIA EU GSP BENEFITS ENDED 31 DECEMBER; 3.5% INCREASE IN MALAYSIAN GLOVE DUTY
In October 2012, the EU developed a new Generalized Scheme of Preferences (GSP) policy to become effective 1 January 2014. Under the new policy, Malaysia will no longer be the beneficiary of preferential treatment and will be excluded from the maximum 3.5% duty reduction on exports to the EU and Turkey in 2014. This action […]
Learn MoreMALAYSIAN ELECTRICITY PRICES TO RISE 16.85% 2014
Tenaga Nasional Bhd’s (TNB), Malaysia’s national utility company, has announced a January 1st electricity tariff increase. Under the revised tariff, commercial and industrial users will see an average increase of 16.85%. While the full impact of the double digit price hike on Malaysia’s manufacturers is unknown, the Malaysian Rubber Glove Manufacturers Association (MARGMA) states the […]
Learn MoreMEDISAFE FIRST PHASE EXPANSION COMING 31 JANUARY
Medisafe first phase expansion is set to be commissioned 31 January. Upon completion of the 3-phase project in 2nd quarter 2014, production volumes will increase to over 2.3 billion gloves per annum, making Medisafe the largest synthetic manufacturer of disposable gloves in Indonesia, and the second largest manufacture of disposable gloves overall within the country. Our […]
Learn MoreMALAYSIA EU GSP BENEFITS TO END 31 DECEMBER
In October 2012, the EU developed a new Generalized Scheme of Preferences (GSP) policy to become effective 1 January 2014. Under the new policy, Malaysia will no longer be the beneficiary of preferential treatment and will be excluded from the maximum 3.5% duty reduction on exports to the EU and Turkey in 2014. This action […]
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