- Business
- PT Maja Agung Latexindo Tbk (SURI.JK) manufactures and sells latex gloves and related products in Indonesia. The company produces examination gloves, industrial gloves, specialty gloves, and concentrated latex; it serves the medical and healthcare sector, industrial applications, beauty care, and sports industries with products for both domestic and export markets. Founded in 1988 and headquartered in Deli Serdang, North Sumatra, at Jl. Utama No. 98 Pujimulyo, Sunggal, the company operates primarily from Indonesia with exports to international customers. In December 2023, PT Maja Agung Latexindo Tbk listed its shares on the Indonesia Stock Exchange Development Board, marking its initial public offering and providing capital for expansion. Recent strategic initiatives include expanding distribution centers to enhance market penetration, boosting export capabilities to additional countries, and implementing operational efficiencies to lower production costs and support sales growth into 2025; the company also collaborates with the Shamrock Group to procure raw materials from rubber farming communities in South Sumatra, ensuring sustainable supply chains.