business

Inix to get supply of Covid-19 vaccine?

NST Business

KUALA LUMPUR: Inix Technologies Holdings Bhd has obtained access to Covid-19 vaccine supply, sources said.

Inix was also poised to build a medical rubber glove plant in Perak via a joint venture (JV) with a state-owned company there, they added.

The sources said Inix had managed to secure a supply of the potential vaccine from an undisclosed high technology company.

A formal agreement on the deal is expected to be signed within weeks.

Meanwhile, Inix and the Perak government-linked company (GLC) would sign an agreement to set up 20 production lines of medical rubber glove soon, the sources said.

The JV will be on 50:50 basis, with the Perak GLC providing the land and half of the capital needed.

Inix will provide the balance of the capital, as well as management and technology expertise.

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