Rubberex to see aggressive growth in next 3 years

Due to the exceptionally high demand, Rubberex’s operations facility is running at close to the full utilisation rate of 90%, compared with its normal level of 80%-90% before the pandemic.

PETALING JAYA: Glove maker Rubberex Corp Bhd is expected to experience supernormal earnings growth for the next three years, given its aggressive, but timely expansion of its nitrile disposable glove segment.

According to RHB Investment Research, Rubberex is the most direct beneficiary of the Covid-19 outbreak, as nitrile disposable gloves are sold mainly to the medical sector.