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.