Jumping on the rubber glove bandwagon: Driven by the Covid-19 pandemic, numerous new players are getting into glove manufacturing. Will they succeed or is there going to be a repeat of the 1990s when the majority of the 200glove making outfits went out of business leaving only 40 or so players still standing?
DRIVEN by the Covid-19 pandemic, numerous new players in the country are getting into glove manufacturing. Many of these are by public companies whose announcements have attracted a fair bit of investor interest, considering the bumper profits the large players have been reporting since last year.
The question is, will they be able to churn out those dream profits? Or will they fall on the wayside as increased capacities catch up with the demand and nudge the average selling prices (ASPs) down?
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