Hartalega sees no glove oversupply, unaffected by vaccine

(From left) Hartalega Holdings chief commercial officer Kuan Mun Keng, executive chairman Kuan Kam Hon and chief executive officer Kuan Mun Leong at the AGM on Tuesday, Sept 15, 2020.

KUALA LUMPUR: Hartalega Holdings Bhd says demand for rubber gloves won’t be affected by vaccines for the Covid-19 coronavirus and will continue to outstrip supply in the next three to four years.

The pandemic has changed users’ behavior, that has resulted in the demand for gloves, chairman Kuan Kam Hon told reporters. Demand for usage in developed countries have increased 30% while in developing countries, usage has more than doubled, he says.