# Salcon acquires 51% stake in JR Engineering and Medical Technologies for RM28.56M

Salcon Bhd is acquiring 51% equity in glove manufacturer JR Engineering and Medical Technologies for RM28.56 million, with a profit guarantee of RM10 million per annum for 2021-2023.

- Type: Acquisition
- Announced: 2020-11-12
- Where: Zurah Industrial, Rasa, Hulu Selangor, Malaysia
- Value: $6.90M (28.6M MYR)
- Status: announced
- Capacity: 336 million gloves per annum (current), 3 billion gloves per annum (after expansion)
- Products: gloves
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Salcon Bhd](https://endata.com/companies/51166.md) (acquirer)
- [JR Engineering and Medical Technologies (M) Sdn Bhd](https://endata.com/companies/51167.md) (target)

## Sources

- [thestar.com.my](https://www.thestar.com.my/business/business-news/2020/11/13/salcon-buys-51-stake-in-glove-maker-for-rm29mil), 2020-11-12: "Salcon Bhd is acquiring 51% equity in glove manufacturing company JR Engineering and Medical Technologies (M) Sdn Bhd for RM28.56mil."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.