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BERITA GETAH 2020


KUALA LUMPUR: Malaysia’s Top Glove Corporation Bhd, the world’s largest glove maker, expects a product shortage as demand from Europe and the United States spikes because of the widening Covid-19 coronavirus outbreak is exceeding its capacity.
The company has extended shipping times to cope with the demand surge, executive chairman Lim Wee Chai told Reuters by phone on Friday.
Lim said orders received in the past few weeks, mainly from Europe and the United States, were almost double the company’s production capacity. Top Glove can produce 200 million natural and synthetic rubber gloves a day.

PETALING JAYA: Top Glove Corp Bhd is expecting its profit margin in its second quarter of the financial year ending Aug 31,2020 (FY20) to rise by between 20%-40%.
“Our profits in the second half will definitely be much better than the first half of the year. The average selling price (ASP) has increased, especially from April to June 2020, so in the third quarter we would see a much better profit margin ranging from 20%-30% extra on the improvement of ASPs and increase in capacity which leads to a reduction in fixed costs, ” its founder and chairman Tan Sri Lim Wee Chai said during a conference call with reporters, analysts and fund managers yesterday.

KUALA LUMPUR (Reuters) - Malaysia’s Top Glove Corporation Bhd , which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronavirus outbreak is exceeding its capacity.
The company has extended shipping times to cope with the demand surge, Executive Chairman Lim Wee Chai told Reuters by phone on Friday.

KUALA NERUS, March 28 -- Universiti Sultan Zainal Abidin (UniSZA) today received a contribution of RM50,000 from the Plantation Industries and Commodities Ministry to build the COVID-19 Risk Assessment System for Higher Education Institutions (CRASH).

KUALA LUMPUR (March 26): The Ministry of Plantation Industries and Commodities (MPIC) has reminded all rubber licence holders to operate normally during the Movement Control Order (MCO) period to ensure continued operation of the country’s rubber industry.
Compliance with the directive is in the best interests of everyone from smallholders to rubber processors and rubber products manufacturers as well as consumers, said MPIC.