Top Glove, Hartalega’s Malaysian shutdown leaves U.S. more reliant on China — Panjiva
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Top Glove, Hartalega’s Malaysian shutdown leaves U.S. more reliant on China

China 2970 Coronavirus 511 Health Care 353 Malaysia 144 Singapore 68 Thailand 132 U.S. 5316

Top Glove has had to close its factories in Klang, Malaysia. While the government has allowed factories, including those of Top Glove’s competitor Hartalega, to remain open the restriction on movement of staff has meant capacity is curtailed. The closure may have a significant impact on Top Glove’s shipments to the U.S. given they accounted for 85.7% of the total in Q2’21. Total U.S. rubber glove imports improved by 0.9% sequentially in Q2’21 after a 16.4% rise in Q1’21. The loss of the 25.8% of imports that came from Malaysia in Q1’21 will increase U.S. importers’ reliance on shipments ...

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