KUALA LUMPUR: The overcapacity situation in the glove sector persists and operating costs are rising amid intense competition, especially from China and other regional manufacturers, said Hartalega Holdings Bhd
CEO Kuan Mun Leong.
"Ongoing uncertainty surrounding US tariff policies continues to weigh down on demand, especially in the US market, while also prompting a shift in long-term sourcing strategies among US importers," he added in his review of the company's first-quarter (1QFY26) results.
