Company Note - Careplus
Group (Not rated)
- An emerging force
Careplus is an emerging small-sized rubber-gloves
manufacturer with an ambitious expansion plan. The company has doubled its
capacity to 4bn units in the past 4 years and set its target on reaching the
10bn capacity mark by 2020. Earnings were weak in 2016, but have rebounded in
1Q17, driven by higher sales demand and improved efficiencies. Management is
confident about delivering better earnings ahead in tandem with its capacity
expansion, rising nitrile mix and improving efficiencies.
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