Malaysian rubber glove group says demand to oustrip supply until 2023

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KUALA LUMPUR: Malaysia, the world's biggest rubber gloves manufacturer, is racing to increase production to close a supply gap caused by the ...

KUALA LUMPUR: Malaysia, the world's biggest rubber gloves manufacturer, is racing to increase production to close a supply gap caused by the coronavirus pandemic that it warns could last until into 2023.

"The lead time currently is about seven months for the gloves to be delivered to the end customer," Margma President Supramaniam Shanmugam said, adding that demand would remain robust until the second quarter of 2022. Malaysia's gloves export earnings more than doubled in 2020, rising 103% to 35.3 billion ringgit , Margma said, forecasting that would rise to 38 billion ringgit this year.

 

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