EXIM bank offers funding for innovation to glove-maker
The Export-Import Bank of Thailand (EXIM Thailand) has signed a financial facility agreement for Bt20 million with Glovetex Co Ltd to finance the company’s innovation and development of safety gloves and devices for industrial use.
This is in line with EXIM Thailand’s strategy to provide financial support for high-potential small and medium enterprises (SMEs) with focus on product innovation and innovative production technology to boost their competitiveness on the global market, Exim Thailand senior executive vice president Wantana Mongkolsri said on Monday.
She added that Glovetex Co Ltd is a manufacturer and exporter of innovative industrial gloves with pioneering microtex fibre technology under the Microtex brand.
The company is a leading producer of safety gloves and equipment with distinctive properties, such as high cut-resistant gloves, anti-bump gloves, heat-resistant gloves, chemicals-resistant suits, and safety glasses for use in food, agricultural and automobile industries. Currently, the products are distributed domestically and exported to such major market as the US. The company is in the process of expanding its exports.
