SAN DIEGO—Surgical glove maker Safeskin Corp. will invest $40 million to expand production in Thailand, including a new plant to make thermoplastic elastomer products.
The TPE glove plant will be the company's second complex in Thailand. Safeskin also will add capacity for 1 billion latex exam gloves annually at its Hat Yai production site. The TPE glove factory will more than triple Safeskin's capacity to produce its Tactylon line of gloves, according to a company spokesman. Safeskin will continue to make the gloves at its recently purchased facility in Vista, Calif.
Safeskin currently is selecting a site for the Thai Tactylon unit. The firm will begin construction by the second half of 1997, pending approval from the Thailand Board of Investment. The plant should be operational a year after construction begins, Safeskin said.
More details on the facility — including employment, capacity and sales — have not been determined, the spokesman said.
Based in San Diego, Safeskin averaged annual sales growth of 55 percent the past five years, reporting profit of $23.6 million on sales of $146 million.