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.