Glove makers gaining from demand

From The Edge Malaysia
5th Aug 2013

IN 2012, Malaysia exported about 100 billion pieces of rubber gloves, approximately 63% of the world' supply, to more than 180 countries. here are glove makers in other countries such as Thailand and Indonesia,but locally listed Hartalega Holdings and Top Glove Corp are the global market leaders for nitrile and latex gloves respectively.

The bulk of the demand comes from hospitals, hence the healthcare industry is an important one for glove makers. This burgeoning industry is expected to hit US$3 trillion by 2015, on the back of growing health awareness, increased spending on healthcare in emerging markets and the occurrence of new infectious diseases.

Hartalega to emerge as industry game-changer

From Star Online: Business

18th June 2013



Top pick: Alliance says Hartalega has the strongest capacity compound annual growth rate of 14.9% over the next eight years.

PETALING JAYA: Hartalega Holdings Bhd and Kossan Rubber Industries Bhd are Alliance Research’s top picks for the glove sector, with the research house reiterating an “overweight” recommendation on the sector.

“Among the two, we like Hartalega as a medium to long-term investment (one to three years), as we are convinced that it will emerge as the industry’s game-changer in two year’s time, once its Next Generation Integrated Glove Manufacturing Complex (NGC) kick-starts in August 2014 which could yield a 6% extra margin due to better efficiency.

Low natural rubber prices boost production of gloves

By Star Online: Business
31 July 2012

THE recent inaugural roundtable on the rubber glove industry has provided a deeper insight into the game plan of the nation's top rubber glove players to stay competitive and still reign as the world's largest producers of the product.

Malaysian manufacturers account for about 60% of global demand. The major players include Top Glove Corp Bhd, Supermax Corp Bhd,Kossan Rubber Industries Bhd and Hartalega Holdings Bhd.

Even though industry players' production costs are set to escalate further following the minimum wage policy and the expected removal of subsidies on natural gas by the Government, many are undeterred and will continue with their expansion programme locally and abroad.