Supermax Corporation Berhad (myx: 7106) started as a trader and exporter of latex gloves in 1987 before venturing into manufacturing in 1989. It is Malaysia's largest Own Brand Manufacturer and the world's second largest producer of rubber gloves.
The Supermax Group was founded by Dato' Seri Stanley Thai and his wife Datin Seri Cheryl Tan in 1987 as a trading business distributing latex gloves.[1]
Supermax has succeeded in establishing its own brands with a strong presence in Canada, the U.S., the United Kingdom and Brazil. Almost 100% of its production is exported to medical and dental buyers.
Its main competitors are Kimberly-Clark, Ansell, Allegiance and Microflex.
In 2020 during the COVID-19 pandemic, strong demand for rubber gloves sent Supermax's share prices on a five-fold jump. Founder Thai Kim Sim recorded an estimated net worth of $1 billion at the stock high in early June 2020.[2]