Minimal impact seen for glove makers

Over the recent quarter, the rubber glove industry has weathered the worst, given the sharp deterioration in operational earnings per glove.

PETALING JAYA: The gas tariff hike of 5.3% is expected to only minimally impact glove manufacturers’ earnings in the third quarter, said CGS-CIMB.

The additional cost from the tariff hikes is expected to be manageable, as gas makes up only 8% to 10% of the total cost for glove makers.