Supermax confirms contracts termination by Canadian govt


KUALA LUMPUR: Supermax Corp Bhd confirmed that two of its current contracts for the availability of nitrile gloves in Canada have been terminated.

In a submitting with Bursa Malaysia, Supermax stated its Canadian subsidiary, Supermax Healthcare Canada Inc had agreed to terminate by mutual consent with the Federal Government of Canada the 2 current contracts for the availability of nitrile gloves.

“The remaining balance of these two contracts at free on board value is US$12.67mil or under 0.8% of the group’s revenue.

“The group’s Canadian unit’s contracts for other personal protective equipment (PPE) products remain in place and are not affected,” it stated.

Supermax stated the group needs to reiterate that it had launched into its endeavor to fulfill the International Labour Organisation (ILO) requirements on migrant employees since 2019.

“The group has been implementing many improvements and upgrades to improve its workers’ welfare in stages and has taken steps to speed up the process in order to meet the ILO standards in good time,” it added.

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