Aspen Glove

Company in the news

Aspen Group to wind up glove subsidiary

The group first established Aspen Glove during the pandemic in August 2020 to diversify its existing scope of business.

Company in the news

Aspen's glove subsidiary facing RM93.2 mil claim from contractor

On Feb 11, the company recorded a loss of RM59.4 million for 2HFY2021 ended Dec 31, 2021
Aspen Glove obtains FDA's 510(k) clearance to sell latex gloves in the US - THE EDGE SINGAPORE

Company in the news

Aspen Glove obtains FDA's 510(k) clearance to sell latex gloves in the US

Aspen Glove will now be able to design, manufacture and distribute the gloves under the “Aspen Glove” trademark in the US market.
Aspen confirms US$210 million glove deal with Honeywell is off, looking for new buyers - THE EDGE SINGAPORE

Company in the news

Aspen confirms US$210 million glove deal with Honeywell is off, looking for new buyers

The company also said two recent key executives' resignation had nothing to do with the Honeywell deal
Aspen says glove operations 'on track' while property construction 'affected slightly' following Malaysia's MCO 3.0 - THE EDGE SINGAPORE

Covid-19

Aspen says glove operations 'on track' while property construction 'affected slightly' following Malaysia's MCO 3.0

Aspen's first shipments of gloves are scheduled for delivery by end of May.
Aspen obtains 100% investment tax allowance for glove-making subsidiary for 10 years - THE EDGE SINGAPORE

Manufacturing

Aspen obtains 100% investment tax allowance for glove-making subsidiary for 10 years

Aspen Glove is entitled to a tax allowance of 100% of its capital expenditure excluding land cost for 10 years.
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