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STGT sets up subsidiary in Vietnam Support the distribution of rubber gloves in ASEAN
Sri Trang Gloves Expanding the rubber gloves market in the ASEAN region and set up a subsidiary in Vietnam to distribute rubber gloves
On 29 Nov. ’64 Ms.Jarinya Jirotkul President of Sri Trang Gloves (Thailand) Public Company Limited or STGT said that on November 26, the company established SRI TRANG GLOVES VEITNAM COMPANY LIMITED or STGV with a registered capital of 1 million dollars. United States with 100% holding STGT to support overseas market expansion plans The said company will take care of the distribution of rubber gloves products in the country.Vietnam
In this regard, we view Vietnam as one of the countries in the ASEAN region with potential. and tends to demandrubber gloveswill continue to increase in the long term. Because Vietnam is an emerging market The consumption rate of rubber gloves is still low. There are also positive factors from economic growth. and the advancement of the public health system in the country
It also has a population of more than 90 million, establishing a subsidiary in Vietnam to support the distribution of such products. It is in line with the plan to expand the market in ASEAN countries. In the previous period, a subsidiary was established in Singapore to support the management of research and development of new products. including the distribution of rubber gloves and established a subsidiary in Indonesia to support the distribution of rubber gloves
“The Company plans to expand its business by establishing subsidiaries in ASEAN countries. to take care of the distribution and marketing itself This will help increase flexibility and generate more sales. After this, it is planned to establish a subsidiary in the Philippines. which is another market with high growth potential”
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