Minister says data points to robust exports of rubber, rubber products
SHAH ALAM: The exports of rubber and rubber products are expected to thrive for years to come based on its year-on-year increase, the Plantation Industries and Commodities Ministry said. Minister Datuk Seri Mah Siew Keong said the exports of rubber and rubber products were pivotal to the country’s revenue as they contributed about RM18bil in export value and the figure was increasing year-on-year.
“In 2010, our latex product exports -- gloves and condoms - were worth RM10.3bil, while in 2015 they accounted for RM14.6bil - an increase of RM4bil over five years and I am confident that this progress will continue,” he told reporters during a working visit to a Top Glove Corp Bhd factory here yesterday.
Malalaysia exported rubber gloves worth RM13bil in 2015, Mah said, adding that “the volume speaks for itself, indicating that the country is very competitive in the export market.”
Mah said as Malaysia’s produced quality gloves, he was confident that the export market could be further strengthened as the ministry would continue to focus on the export of rubber products.
Top Glove, the world’s largest rubber glove manufacturer, with a production capacity of 47 billion rubber gloves annually, exports its products to 195 countries, chairman Tan Sri Dr Lim Wee Chai said.
It exports 30% of rubber gloves to the US, Europe (30%), Asia (17%), Latin America (10%), Middle East (7%) and Africa (3%).
Top Glove has 28 factories worldwide. — Bernama
Did you find this article insightful?