India’s leading PPE manufacturer, Mallcom India will inaugurate a new production line for nitrile gloves in its Falta SEZ unit.
The company anticipates larger export order volumes and has started ramping up its production capacity by setting up a new protective apparel manufacturing plant at Ghatakpur, Kolkata with a capacity to produce 2 lakh units per month, which should go live by April 2022.
The company is also working on CSR front as it has spent Rs. 31.51 lakh in CSR initiatives in FY20-21. It took a host of measures such as providing pandemic insurance of Rs. 1 lakh per employee, providing flexible working hours and continuous IT support to those working from home.
Revenues of Mallcom India grew by 14.3 per cent in FY20-21. In this fiscal, its profit after tax (PAT) increased by 39.8 per cent from Rs. 1,826.07 lakh in FY19-20 to Rs. 2,552.24 lakh.
In just five years, the company increased its production capacity in almost all segments and further strengthened its leadership position in PPE segment.
Despite facing certain challenges on account of cheaper imports, domestic oversupply and weaker realizations, Mallcom reported a capacity utilization of around 82 per cent, amongst the highest in India’s competitive PPE sector.
Its subsidiary, Mallcom Safety started production of high-performance outerwear and rainwear at its new unit at the Apparel Park SEZ in Ahmedabad, Gujarat.
