MARK – Will maintain dominance in the global market

Mark Dynamics Indonesia's (MARK) strategy is in line with this year's IDR20 bn capex preparation funded from the company's internal cash for machine maintenance. MARK will expand sales by penetrating into the markets of the United States, Vietnam, India, Malaysia, Thailand and South Africa. So far, Malaysia is still MARK's biggest export market target. MARK projects the global glove industry to grow at a CAGR of 15% per year. This growth has surged since the Covis-19 pandemic and will probably continue to grow. To enter the global market, MARK issued product innovations in the form of thin and light glove molds, with higher thermal conduction features to be more energy efficient for glove manufacturers. MARK also carries out product diversification by producing the Dyna brand squat toilet factory which continues to be developed into several other products, such as toilet seats that are still under fesibility study and sprayers. (Source : Investor Daily)