Business
Strategic Manufacturers, Inc., Subsidiary of Small Business Development Group (OTC: SBDG), Announces Plans to Build Nitrile Glove Manufacturing and NBR Rubber Production Facilities in Texas
Strategic Manufacturers, Inc., Subsidiary of Small Business Development Group (OTC: SBDG), Announces Plans to Build Nitrile Glove Manufacturing and NBR Rubber Production Facilities in Texas.
About this update from Small Business Development Group, Inc.
[{"type":"text","content":"\n CARY, NC, Nov. 04, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Small Business Development Group, Inc. (OTC:SBDG) (www.SBDGStock.com) today announced that Strategic Manufacturers, Inc., (SMI), a wholly-owned subsidiary, is planning to build two large manufacturing plants in the Katy, Cypress area of Texas. When fully operational, these plants will produce 4.5 billion nitrile examination gloves annually, as well as 120,000 metric tons of the synthetic rubber, known as NBR (nitrile butadiene rubber), from which the gloves are made. Nitrile examination gloves are widely used by hospitals, medical personnel, and emergency workers to protect them against harmful chemical agents, infection, disease, and pathogens including the coronavirus. “At the end of 2020, we began to explore the feasibility of building and developing vertically integrated manufacturing facilities for nitrile gloves here in the United States,” said Roy Y. Salisbury, Small Business Development Group CEO and Chairman.  Mr. Salisbury explains that after funding months of research, analysis, and planning, it is now time to announce moving forward with the project: “We know this is a significant undertaking.  We also know these facilities are needed.  We are confident that we have the right plan, and the right team to accomplish the goal.” “More than ninety percent of the examination gloves used in America today are sourced from Asia,” said Strategic Manufacturers CEO David Emery. “What is worse, there are no significant producers of medical-grade NBR rubber here. Our mission is to restore America’s capability to manufacture this basic but critical part of the personal protective equipment we all depend upon for our health and safety.” “The key to the SMI business strategy is the co-production of both NBR and gloves. Known to economists as ‘vertical integration,’ this will guarantee that SMI has access to the rubber it will require for glove production. It also provides SMI with a second profit center since its NBR plant is designed to produce significantly more than it requires and SMI will sell surplus NBR to other manufacturers,” Mr. Emery said. “We believe we will become the only vertically-integrated US nitrile glove manufacturer. This sets SMI apart from oth...