Sunday, 29 Mar 2020 12:43 PM MYT
The company has extended shipping times to cope with the demand surge, Executive Chairman Lim Wee Chai told Reuters by phone on Friday. “Some customers panic order; normally they order 10 containers a month but now they suddenly increase to 20 containers,” he said. The exceptional buying momentum could last another three months but orders are expected to remain strong for up to nine months even as demand from Asian markets has started to slow slightly, Lim said.Lim said the company was ensuring all its customers get a fair share of extra gloves delivered.
This month, Top Glove stepped up its factory utilisation by 10 per cent to 95 per cent and expects to reach near maximum utilisation in April.
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