Latexx to venture into protein-free gloves

Latexx to venture into protein-free gloves

Tags: Budev | Latexx Partners | protein-free gloves

Written by Joseph Chin
Friday, 08 January 2010 19:38

KUALA LUMPUR: LATEXX PARTNERS BHD [] is teaming up with Amsterdam-based Budev BV to set up a joint-venture company to market and distribute protein-free gloves.

Latexx said on Friday, Jan 8 that Budev owns the intellectual property rights related to a TECHNOLOGY [] to reduce proteins causing latex allergy.

The JV company, Total Glove Co Sdn Bhd will have a paid-up of RM9,998 or 9,998 shares of RM1 each. Latexx and Budev will subscribe for 4,999 shares each in the JV company.

Latexx said the JV would treat natural rubber latex examination and surgical gloves using its technology.

The JV company will market and distribute these gloves, which will have "non-detectable level of proteins and allergens" to prevent users from having an allergic reaction. Budev will grant an exclusive licence to the JV company for the use of the technology.

Latexx said the proposed JV would enable it to venture into a new era of technology to treat natural rubber latex examination and surgical gloves with extremely reduced levels of proteins and allergens to non-detectable level to prevent users from having an allergic reaction.

"The proposed JV will augur well for Latexx to produce innovative, value-added with excellent quality glove products in its effort to reinforce its competitive edge in the global market.

"The adoption of such new technology will be beneficial for the short and long term goals of Latexx. It is consistent with Latexx's intention to seek strategic alliances and joint ventures for synergistic benefits to enable Latexx to be competitive with innovative production methods to produce high quality gloves for its customers," it said.

http://www.theedgemalaysia.com/business-news/157118-latexx-to-venture-into-protein-free-gloves.html