Top Glove hopes to handle coronavirus growth opportunity with new capacity — Panjiva
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Top Glove hopes to handle coronavirus growth opportunity with new capacity

China 3048 Coronavirus 511 Health Care 362 Malaysia 160 U.S. 5399

Medical and rubber global manufacturer Top Glove reported a 6% year over year growth in sales in the three months to Feb. 29. The coronavirus outbreak has meant the firm has “seen the Group’s sales order book double”. Top Glove estimates it has a current capacity utilization of 90% and is adding 11.2% to its capacity this year and so should be able “to meet the surge in demand”. Until recently the firm’s U.S. sales may have been in decline with U.S. seaborne imports linked to the firm falling 6.7% year over year in the first two months of 2020. Within that, sourcing from Malaysia represe...

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