Top Glove to gain from gas price cut

KUALA LUMPUR: Top Glove Corp, the world’s biggest rubber-glove maker, expects lower production costs and wider profit margins after the Government said it would cut the price of natural gas.

The cut would allow Top Glove to reduce annual production costs by about 3%, chairman Tan Sri Lim Wee Chai said in an interview. The company maintained a profit-growth target of 15% to 20% this year, he said.