Kossan expects glove sector challenges to persist in 2H23

KUALA LUMPUR: Despite some signs of stabilisation, Kossan Rubber Industries Bhd expects the glove sector to remain affected by a supply-demand imbalance, and this is projected to persist throughout the second half of FY23.

The glovemaker said aggressive expansions during the pandemic and disruptive pricing from overseas competitors have led to the current very challenging operating environment which is expected till the end of the year.