Expansion of production capacity
We intend to expand our current manufacturing facilities by installing additional production lines. We expect the first and second phases of expansion to be completed by January 2015 and July 2015 respectively. Upon completion, our total production capacity should increase to approximately 1.5 billion and 1.9 billion gloves per annum respectively.
Expansion of sales and distribution network
We will continue to widen our market reach. We will leverage on existing independent intermediaries and appoint new independent intermediaries to undertake the marketing and distribution of our products. Our marketing efforts will be targeted at increasing our inroads in our core developed markets in Europe and in the USA, as well as significantly increase our market share in key developing markets where we see greater growth opportunities, including the PRC, Africa, South America, the Middle East and India.
Developing new products and engaging in research and development
We constantly seek ways to expand our product. Our research and development efforts will be focused on product efficacy, productivity gains and cost efficiency, through the development of new products and improving our manufacturing processes and supply chain. We are in the midst of setting up manufacturing operations for surgical gloves and expect construction of those manufacturing lines to be completed in the second half of 2015.
Inorganic Expansion of our business
We may expand our business through acquisitions, joint ventures and strategic partnerships that we believe will expand our current business and/or complement our current and future business.