Shah Alam, Malaysia
HARPS HOLDINGS BERHAD is a Malaysian investment company established in 2015, with a focus on the healthcare industry, particularly in the manufacturing and distribution of medical gloves. The company has two key subsidiaries - Central Medicare Sdn Bhd (CMSB) and New Era Medicare Sdn Bhd (NEM). CMSB, acquired in 2015, has shown significant growth, expanding from 6 to 27 production lines, with an annual capacity increase from 1.1 billion nitrile examination gloves to 8 billion gloves by 2020. It is projected to further expand to 34 production lines with an annual capacity of 11.6 billion by 2021.
NEM, also acquired in 2015, shifted its focus from manufacturing to research and development, manufacturing, and distribution of surgical glove production technology. This strategic shift aligns with the company's objective of championing healthcare, reflected in its slogan "Championing Healthcare, One Glove At A Time". With 2,600 employees, HARPS is privately held and has made significant strides in the healthcare industry, especially in the production of medical gloves.
As an investor, the promising growth trajectory of HARPS Holdings Berhad, its strategic acquisitions, and its positioning within the rapidly expanding medical glove industry make it an attractive prospect for potential investment. The company's presence in Malaysia, a hub for industrial and manufacturing activities, further enhances its appeal. The commitment to research and development, as evidenced by NEM's shift in focus, indicates a forward-thinking approach, which is vital in a competitive market. With the increasing global demand for medical gloves, HARPS Holdings Berhad presents an opportunity for investors to capitalize on the company's growth and potential expansion in the healthcare sector.
