STGT SETS UP NEW US SUBSIDIARY IN CHICAGO

Sri Trang Gloves (Thailand) Public Company Limited (“STGT” or the “Company”), a world-leading glove producer, is set to expand its presence in the USA with the establishment of Sri Trang Responsible Gloves Supply, Inc. (“STRG”). Based in Chicago, the wholly-owned entity of STGT will function primarily as a sales and distribution office for the Company’s products.  

Prior to STRG, STGT’s USA presence was solely served by Sri Trang USA (‘STU’), the Company’s Florida-based warehousing and distribution centre for its premier products that cater to the healthcare, dental, veterinary, F&B, and other industries. Complementing these activities, STRG will focus on growing the Company’s customer base among the OEM industry and larger third-party distributors across the country.  

In 2021, the global disposable glove market was valued at USD12.3 billion [1] and as the world’s largest market, the USA accounted for 33% of the total revenue share in 2021. Medical-grade gloves which led the market and accounted for 75%1 of the global revenue share in 2021, forms part of STGT’s signature product line.

Commenting on the new subsidiary, CEO Jarinya Jirojkul, said, “The USA is an exciting market for us as the strong demand for gloves there offers good growth opportunities. The establishment of STRG will enable us to engage existing and prospective customers more effectively as we look to capture a larger slice of the American pie.”

STGT’s latest expansion in the USA follows a series of strategic regional expansions in the second half of 2021. In August 2021, the Company strengthened its regional foothold through the incorporation of a Singapore office. Apart from serving as a launchpad for regional expansion, the Singapore office has direct oversight of the Company’s research & development and product innovation activities.  Shortly after, STGT set up an office in Indonesia to manage the distribution of its rubber gloves in the country. The Company also deepened its regional footprint with the incorporation of its Vietnam office in November 2021 to manage the sale and distribution of its rubber gloves in Vietnam, which has been identified as one with high growth potential within Asean and STGT’s presence in the country will position it well to capture a larger market share.

[1] https://www.grandviewresearch.com/industry-analysis/disposable-gloves-market

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