The rubber glove bandwagon

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?

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

CLMT cautiously optimistic of its 2024 performance
AME Elite and AME REIT announce RM119.5mil industrial properties transaction in Iskandar Malaysia
Malaysian semiconductor exports to reach RM1.2 trillion by 2030 - MSIA
Ringgit closes slightly higher against the greenback
BOS Wealth Management partners with OCBC Malaysia to expand market reach
Korea’s OCI said to weigh RM1.5bil IPO for Malaysia unit
BAT reports lower 2Q24 earnings
AAX carries carries 880,265 passengers in 2Q24, surges 42% YoY
Moody's Ratings: Malaysia to benefit from data centre demand spillover
MN Holdings bags RM136mil substation engineering contract

Others Also Read