BANGKOK—Sri Trang Agro-Industry Public Co. Ltd. is expanding its glove manufacturing capacity.
The company has approved two capacity expansion projects at Thai subsidiary Sri Trang Gloves (Thailand) Public Co. Ltd. (STGT), the group said in a stock market filing.
Group company Premier System Engineering Co. Ltd. (PSE) will manufacture, procure and install machinery for the manufacture of rubber gloves at STGT's Surat Thani branch.
The value of the supply deal will be "in amount not exceeding" $19.3 million, according to the Aug. 25 statement to stock exchanges in Thailand and Singapore.
Sri Trang holds 56.18 percent of shares in STGT and 99.99 percent of shares in PSE, according to the group's statement.