Gloves

Top Glove Q1 profit surges more than 600% as costs fall

The glove maker reports a drop in operating expenses to RM842.9 million for the quarter

Flooding in the Hat Yai district has caused water to overflow into some operation areas as well as prevented employees from commuting to work, Sri Trang Gloves said.

Sri Trang Gloves’ production facilities in flood-hit areas in Thailand temporarily suspended

The dual-listed group says it is working to ensure that operations continue with minimal business impact

The volume of glove sales hit more than 10 billion during the quarter for the company.

Sri Trang Gloves Q3 loss widens to 106 million baht on impairment, derivative losses

The steeper net loss comes as its top line decreases 5.6% year on year to 6.1 billion baht, even as sales volume rises

Cariflex CEO Ryu Sang-woo (left) and Manpower Minister and Second Trade and Industry Minister Tan See Leng at the plant opening ceremony on May 14.

Cariflex launches US$350 million polyisoprene plant in Singapore, the world’s biggest

The facility in Jurong Island is the first of its kind in the Republic, creating 80 skilled jobs

Malaysia exported RM15.4 billion worth of gloves in 2024.

Malaysia claws bigger share of US glove market as tariffs hit China rivals

The South-east Asian country is home to some of the world’s largest rubber glove manufacturers

The fallout between between the US and China “is likely to provide positive catalyst” for the country’s glove makers such as Hartalega.

Hartalega expects Malaysian glove makers to gain US market share

[KUALA LUMPUR] Despite the threat of high US tariffs, glove maker Hartalega Holdings said Malaysian makers of the latex products are primed to gain further American market share as Chinese competitors...

The higher tariffs imposed on Thailand and Indonesia are seen to likely benefit Malaysian glove producers further.

Malaysian glove makers will likely stay afloat in Trump tariff tsunami, but face being priced out in non-US markets

Uneven duties are expected to make Chinese-made gloves more expensive in the US, which could benefit manufacturers in the South-east Asian country

Semiconductors have been exempted from tariffs for now, but analysts warn that the space is not “immune” from future tariff threats.

Semiconductor, shipbuilding stocks suffer heavy losses in SGX bloodbath

The share prices of banking trio DBS, OCBC and UOB have also retreated significantly

Riverstone CEO Wong Teek Son notes the company has phased out some of its ageing production lines and replaced them with more efficient ones.

Riverstone posts 3.7% Q4 profit rise, proposes special dividend amid semicon recovery

Efforts to add new cleanroom clients would create additional revenue streams, says the company’s chief executive