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KOSSAN's Patented Technology Receives Frost & Sullivan's 2017 Global Medical Gloves Technology Innovation Award

2017-10-04 19:30
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SINGAPORE, Oct. 4, 2017 /PRNewswire/ -- Kossan Rubber Industries has achieved yet another success in becoming an innovative glove manufacturer after launching their novel glove technology, LOW DERMA™ in September 2016. The same technology created to redefine hand protection has seen Kossan Rubber Industries recognized as the Global Medical Gloves Technology Innovation Company of the Year at the 2017 Frost & Sullivan Asia-Pacific Best Practices Awards banquet held at the Shangri-La Singapore on 4th October.

The global medical gloves market is increasingly becoming more competitive and accurately gauging customer needs and leveraging on technological innovation is a cornerstone in the current landscape. Kossan Rubber Industries, one of the largest glove manufacturers in the world, demonstrates strong commitment to research & development and technology innovation in its offerings to ensure growth and sustainability in the rubber glove industry.

Kossan's LOW DERMA™ Technology core value offers 'Clean and Safe' protection for its users by focusing on two key fundamental rights; the right to be protected and the right to protect. Driven by its strong core value, Kossan aims to lift glove users' confidence in pursuing their passion. As a result, this technology embarks on a journey to create the best and safest glove choice for users and the people under their care.

"Kossan has leveraged its expertise and depth of market understanding to identify specific customer needs, resulting in the development of the ground-breaking, patented LOW DERMA™ Technology in 2016 and making it the first glove manufacturer in the world to be granted the 'low dermatitis potential' claim in gloves by the U.S. FDA," said Ms. Geeta Dhanoa, Associate Director, Transformational Health, Frost & Sullivan Asia-Pacific.

She continued, "Kossan has successfully differentiated itself with this new technology, enabling the development of new generation of products that will further strengthen its position in the global market."

"We are proud to receive the 2017 Global Medical Gloves Technology Innovation Company of the Year award from Frost & Sullivan. This recognition will further motivate us to develop new and innovative products that will benefit the market," said Tan Sri Dato' KS Lim, Group Managing Director/CEO of Kossan Rubber Industries.

The recipients of the annual Frost & Sullivan Asia-Pacific Best Practices Awards were identified based on an in-depth research conducted by Frost & Sullivan's analysts. The award categories offered each year are carefully reviewed and evaluated to reflect the current market landscape and include new emerging trends. The short-listed companies were evaluated on a variety of actual market performance indicators which include revenue growth; market share and growth in market share; leadership in product innovation; marketing strategy and business development strategy.

About Kossan Rubber Industries

Established since 1979, KOSSAN manufactures gloves that protect and save lives, taking great pride in its extensive range of glove products for various hand protection needs.  In line with the Company's direction to deliver "Long term and sustainable growth" to all its stakeholders, research & development, innovation, business transformation using technology have been the key focus of KOSSAN. The company has grown from strength to strength with production capacity exceeding 22 billion pieces of gloves per annum (started with 10 million pieces). Its footprints have entrenched in the global market for gloves and having products exported to more than 160 countries mostly comprising developed nation including US, Europe, Scandinavian countries, Japan, China and Korea. KOSSAN, with strong track record in product quality and innovativeness, has been the major and preferred OEM supplier to many renowned multinational corporations (MNCs).

Corporate Website: http://www.kossan.com.my

LOW DERMA™ Technology Website: http://www.lowderma.com

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Contact:
Carrie Low
Corporate Communications - Asia-Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com

Melissa Tan
Corporate Communications - Asia-Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com

http://www.frost.com


Source: Frost & Sullivan
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