Sri Trang Gloves preparing for correction in glove demand, average selling prices

Singapore

THE rollout of vaccines for Covid-19 has cut both the "urgent demand" for and the average selling prices (ASPs) of rubber gloves. Yet Jarinya Jirojkul, chief executive of Sri Trang Gloves Thailand (STGT), said the glove maker is pressing on with its expansion plans with the expectation that it will be able to deal with these corrections.

In an interview with The Business Times, Jarinya said the urgent demand for gloves around the world is "already gone". Demand for gloves grew by about 20-25 per cent last year, due to the pandemic. Prior to the pandemic, annual growth levels stood at 12-15 per cent.