KUALA LUMPUR: Kossan Rubber Industries Bhd
expects the glove industry to face a persistent supply-demand imbalance throughout FY2024, compounded by the pressure on average selling prices (ASP) from international competitors.
“The challenging operating conditions will be further impacted by rising costs of raw materials and natural gas. Moreover, the ongoing global logistics disruptions and container shortages, particularly due to the Red Sea Crisis, will continue to impact glove shipments,” the glovemaker said in a filing with Bursa Malaysia.
