VIP Gloves to build second factory with A$30 million investment

VIP Gloves Ltd is constructing a second factory on adjacent land, installing eight double former lines under a A$30 million two-year plan. The factory building is expected to complete in early 2022, with all lines commissioned by end of 2022.

“VIP Gloves plans to install eight double former lines at the new factory, to be built on adjacent land owned by VIP, under a A$30 million two-year plan.”proactiveinvestors.com.au

• 1 source
• proactiveinvestors.com.auVIP Gloves sees gradual earnings increase in next two years from additional capacity, with full impact expected in FY24 | The MarketsProactiveMay 6, 2021

Summarized from public sources; check the original articles before acting on it.