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Business

Synthetic rubber glove price war deemed unlikely

KUALA LUMPUR: A price war in the synthetic rubber glove market would probably not materialise as growing demand from developed nations will be more than enough to offset the need to push prices dramatically down.

Nation

Charles Santiago appointed coordinator for social compliance audit on rubber glove makers

PUTRAJAYA (Bernama): The Human Resources Ministry has appointed Klang MP Charles Santiago as the coordinator of an independent auditor to carry out a comprehensive social compliance audit on rubber glove makers in the country.

Corporate News

CIMB Research still bullish on rubber glove sector

KUALA LUMPUR: CIMB Equities Research continues to be bullish on the rubber glove sector based on its increasingly attractive risk-reward profile and improving sector fundamentals.

Business

Rubber glove makers' shares hit after downgrade

PETALING JAYA: All rubber glove counters took a hit yesterday after a research house downgraded its call on the sector on overcapacity concerns and increasing competition.

Business

World’s largest rubber glove manufacturer's margins impacted by higher latex prices

PETALING JAYA: The world's largest rubber glove manufacturer, Top Glove Corp Bhd, saw margins take a hit as continued higher latex prices and a weak US dollar impacted the company's net profit for the first quarter ended Nov 30.

Business

Margma sees rubber glove prices rising further

KUALA LUMPUR: Prices of rubber gloves are expected to rise further on the back of a continuous rise in the cost of production inputs, particularly natural rubber latex and nitrile latex, said the Malaysian Rubber Glove Manufacturers Association (Margma).

Business

Growth in global rubber glove demand to stay at 8%-10% in 2017

KUALA LUMPUR: The growth in global demand for rubber gloves is expected to be maintained at 8% to 10% in 2017, says the Malaysian Rubber Glove Manufacturers Association (Margma).

Business

RHB Research overweight on rubber glove sector

KUALA LUMPUR: RHB Research is optimistic on the rubber glove sector as market conditions are tilting in favour of glove makers.

Corporate News

Local rubber glove makers may gain from US-China trade war

PETALING JAYA: Malaysian rubber glove manufacturers could benefit from the trade spat between the United States and China as a tariff is being imposed on rubber/plastic gloves from China.

Business

Supermax to double rubber glove output

SUPERMAX Corp Bhd aims to increase its rubber glove production capacity to 7.1 billion pieces by year's end from 3.95 billion last year, group MD Stanley Thai said.