THE glove craze shows no signs of fizzling out. Even as Covid-19 vaccine hopes intensify, it appears that the interest in glove manufacturing has only increased, particularly among Malaysian companies with no prior experience in the business.
In recent weeks, a number of listed companies have announced plans to set up glove manufacturing facilities.
These include precision engineering outfit AT Systematization Bhd, crude palm kernel oil producer Green Ocean Corp Bhd
, construction firm Vizione Holdings Bhd, IT solution provider MSCM Holdings Bhd, automotive battery maker GPA Holdings Bhd and property player Iconic Worldwide Bhd, among others. Rubber-related Karex Bhd, which manufactures condoms, has also ventured into glove production.
Many of these companies have revealed the costs of their ventures, which generally is higher compared to what the big boys of the glove industry incur.
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