Tough times for new and smaller glove makers


Murly: The group is currently evaluating various options on the future direction of AGSB.

TWO years ago, as medical glove prices skyrocketed to astronomical levels during the early months of the Covid-19 pandemic, a slew of companies in various industries announced their intent to venture into the business either via starting a new manufacturing plant, buying an existing glove maker, or adding a rubber glove trading unit.

The new entrants included Mah Sing Holdings Bhd, Johan Holdings Bhd, Singapore-listed Aspen (Group) Holdings Ltd, AT Systematization Bhd, Vizione Holdings Bhd, LKL International Bhd, Notion VTEC Bhd, Salcon Bhd and Luster Industries Bhd.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

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!
   

Next In Business News

Kerjaya Prospek unit bags contracts with combined value of RM34.43mil
Singapore Sept core inflation at 2.8% y-o-y
Slight gains for KLCI as uncertainty prevails
Gamuda extends rally by over 2% as Taiwan job win lifts
Investors remain on the sidelines as Wall St stocks end mixed
Ringgit rebounds slightly vs US$ in early trade
Trading ideas: Gamuda, Bahvest, Teo Seng, Green Ocean, HSS Engineers, Ge-Shen, Willowglen, Globetronics, Wasco, Life Water
Wall St ends flat as investors digest yields, earnings
SME Association: Address minimum wage concerns
HSS inks JV deal with Opus International

Others Also Read