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.
Even with global production expected to ramp up to 420 billion this year from 380 billion last year and annual growth of 10-15 per cent, Supramaniam said excess demand could run into 2023. Malaysia expects to supply 280 billion, or 67 per cent, of that increased global supply.
Eh AT where is the QR!!?? Delaying so long!!! Shares dropping. Con man, release take over merger to release shares you are holding cause QR is very bad???????
middle of march now. Factory still under construction. QR in May 2021 wont expect revenue from gloves. really need to hold long long and wait long long
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
happystockplay
135 posts
Posted by happystockplay > 2021-03-15 11:27 | Report Abuse
WILL IT EVER UP...