Gas price hike to have little impact on glove sector


Unfazed: A healthcare worker putting on gloves before work in the Klang Valley. Natural gas accounts for 10% of the sector’s cost, rendering any price hike insignificant.

PETALING JAYA: Gas Malaysia Bhd’s gas price hike for the third quarter period of this year is expected to have minimal impact on the price of rubber gloves.

With natural gas accounting for about 10% of glove manufacturing cost, TA Securities in a report yesterday said the impact would be insignificant.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

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!

Gloves , gas price , hike , Gas Malaysia ,

   

Next In Business News

Lagenda buys Kedah land for RM148.98mil
Ringgit ends lower against the greenback
KTI Landmark eyes broader horizon post-IPO
Sunway to focus on core businesses
Magma plans RCN issuance up to RM100mil
Green sukuk by Sunway Healthcare
SkyWorld seeks strategic land in Malaysia, Vietnam
Can bullish sentiment on Bursa Malaysia continue?
Efforts to promote carbon capture move forward
Manufacturing industry capacity utilisation hits 80.8%

Others Also Read