Top Glove, industry set to benefit from US tariffs

UOBKH Research said Top Glove has sufficient capacity to handle a steep order book increase.

PETALING JAYA: A shift in US demand for nitrile gloves to Malaysian producers from Chinese producers together with a host of positive factors including improving outlook on profitability, supports the case for 2025 being the year of delivery among glovemakers such as Top Glove Corp Bhd.

UOB Kay Hian (UOBKH) Research, which recently met with Top Glove’s management, said the tariffs being imposed on Chinese gloves may lead to US distributors shifting their purchase to Malaysian glovemakers such as Top Glove.