More streamlining by glove players seen

Consolidating ops: A worker mans a production line at Hartalega’s plant. The company recently announced the decommissioning of its ageing Bestari Jaya facility.

THE move by major glove producer Hartalega Holdings Bhd to decommission a few of its production lines has doused the view that the the glove sector had seen its bottom.

Observers say this is not altogether surprising with the industry still weighed down by a massive supply over-capacity while global demand is still weak and average selling prices (ASPs) remain subdued.