Rubber glove players still facing headwinds

PublicInvest Research says it does not expect Malaysian producers to achieve breakeven levels anytime soon as utilisation rates should remain low (at around 50% or below) due to the weak global demand.

PETALING JAYA: No meaningful turnaround in profitability is expected for the rubber glove sector in the second half of 2023.

Losses for some local players may persist on pricing pressures from competitors in China, muted demand as well as elevated electricity and labour costs.