Rubber glove shipments are off peak as costs rises during pandemic December 9, 2020 U.S. personal protection equipment supplies used in the fight against COVID-19 are reportedly suffering from cost as well as availability issues after the GAO identified that the U.S. national stockpile had dropped to 2 million units in October from 16.9 million in December 2019. U.S. imports ... Read more →
COVID-19 demand leads Sri Trang to plan capacity-stretching rubber glove IPO April 29, 2020 Sri Trang is planning an IPO of its rubber glove manufacturing subsidiary following the surge in business linked to the COVID-19 outbreak. The funds raised will finance an 18.5% rise in its manufacturing capacity, which follows a 11.2% capacity increase planned by competitor Top Glove. U.S. im... Read more →
Top Glove hopes to handle coronavirus growth opportunity with new capacity March 20, 2020 Medical and rubber global manufacturer Top Glove reported a 6% year over year growth in sales in the three months to Feb. 29. The coronavirus outbreak has meant the firm has “seen the Group’s sales order book double”. Top Glove estimates it has a current capacity utilization of 90% and is addi... Read more →
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