haha then the gov will see all the big dogs invest in other countries and slowly kiss byebye to M'sia...

All get big profit or bug losses?

Asp hasn't peak, higher profits to come.

How. I want to buy next dip.

If you believe price will rise than buy lor.

Ministry drafts plans to keep Malaysia's leadership in rubber glove sector

KUALA LUMPUR (Nov 5): The Ministry of Plantation Industries and Commodities (MPIC), through the Malaysian Rubber Council (MRC), is always drafting and implementing short-, medium- and long-term plans to maintain Malaysia's global leadership in the production of rubber gloves.

Minister Datuk Dr Mohd Khairuddin Aman Razali said that under the short- and medium-term plans, MRC will continue to carry out promotional activities overseas, such as participating in international trade expositions together with industry players, organise trade missions and educational seminars, business matching and advertising in international media.

"These promotional activities not only include leading rubber glove markets such as the United States and Europe but also cover most populous countries with high potential like China, India, Indonesia, Vietnam, Brazil and Russia,” he said during the question-and-answer session in the Dewan Rakyat today.

He was replying to a question from Wong Chen (PH-Subang) who wanted to know about the policies planned by the Ministry to strengthen Malaysia’s global leadership in rubber glove production.

Through the long-term plan, Mohd Khairuddin said the Ministry via MRC will focus on boosting investment activities by industry players and empower the downstream rubber industry to improve the competitiveness and value of rubber glove exports from Malaysia.

These include offering incentives for automation and green technology launched in 2019 totalling RM20 million.

To-date, about RM7 million has been approved for 14 projects including procurement of automatic rubber glove packaging, latex dipping and automatic glove stripping machines for automation incentives.

He also said that an industry relations fund was set up to promote cooperation between researchers and industry players to boost research and development and innovation in the rubber downstream sector.

To date, Mohd Kharuddin said nine companies including Mah Sing Group Bhd, AT Systematization Bhd and Hong Seng Bhd have announced plans to set up new rubber glove factories in Malaysia.

In addition, at least five existing glove companies will expand their respective capacities, such as Top Glove Corp Bhd, Hartalega Holdings Bhd and Supermax, he said.

The Ministry also encourages investment in new rubber glove factories in cooperation with the state government such as in Terengganu where a local rubber glove factory is having talks with a State government-linked company to set up a plant in Kerteh, Terengganu

https://www.theedgemarkets.com/article/mini...er-glove-sector

Gov is supporting our glove industry to maintain global leadership. Good?

how many of these incompetent companies trying to join the gloves bandwagon!

put more resources in profiting your company first before focusing on a totally different sector just because you saw a bigger pie that's being taken from someone

how many of these incompetent companies trying to join the gloves bandwagon!

put more resources in profiting your company first before focusing on a totally different sector just because you saw a bigger pie that's being taken from someone

Baffling to see the angst on new comers to the glove manufacturing industry. Our existing glove companies cant meet demand. Orders r fully booked n paid high deposits until end of 2021. Factories running full swing on 3 shifts also cant expedite the delivery. And global glove demand is increasing by 15% after this pandemic.

Many of these new comers r not really new. Most of the new glove factories r managed by glove players n workers in the industry.

This industry should rightly grow. New comers r inevitable n ought to b welcomed. We dont become world leader in glove by chasing away a natural build up.

The gov can help this industry by helping to make/provide cheaper raw mats to the industry. Win win for all

The global demand for nitrile gloves has reached 585 billion this year, according to the Health Industry Distributors Association, but manufacturers are only capable of producing 370 billion at current levels -- a nearly 40 percent shortfall.
https://www.nbcnews.com/news/amp/ncna1245298

All are short term opportunist

Glove companies like cash rich supermx can venture into tech already making high tech medical equipments.

it is true demand > supply now, esp nitirile... much less so for natural latex.
newcomers can find a place in the industry if they do all the right things and the demand stays strong after 2022.

won't be easy... cmco, foreign workers restrictions, nitrile supply shortage/cost rising, automation, FDA 510k/other certification, etc.

the big boys took >30 years; UG heatlhtcare, VIP gloves are very small ones - there are reasons why they struggled to survive for many years.

as investors, we do our homework, do our best to pick the "right" ones; big or small, old or new.
the big boys have a very big advantage - they now have RM1-3bil cash each on their balance sheet.

they have lots of opportunities and possibilities now - venture into other healthcare, automate further, launch more premium products or acquire other biz.

this is a rare and unique time for them - hope they don't waste it!

when and where there is excessive profit to be made, many new comers will join, and will end up supply>demand e.g bubble tea, white kopi, etc.

Big players have so much money now to expand further. Barriers to entry for new comers. Many don't realise the big players already had expansion plans in motion before covid happened. They had slowed down expansion plans due to supply glut + supply growing faster than demand pre-covid.

Big players say a factory takes 2-3 years to be fully operational from scratch. If true and big players' expansion were already, for example, 50% completed in December 2019 it may look like they expanded within 1 year only.

Plus when supply > demand, the weak will close shop. There was a consolidation in 2011-12 where many were pushed out of the market. This could happen again when demand falls and competition gets tough.

Big players have so much money now to expand further. Barriers to entry for new comers. Many don't realise the big players already had expansion plans in motion before covid happened. They had slowed down expansion plans due to supply glut + supply growing faster than demand pre-covid.

Big players say a factory takes 2-3 years to be fully operational from scratch. If true and big players' expansion were already, for example, 50% completed in December 2019 it may look like they expanded within 1 year only.

Plus when supply > demand, the weak will close shop. There was a consolidation in 2011-12 where many were pushed out of the market. This could happen again when demand falls and competition gets tough.

No windfall tax. Glove counters gonna charge ahead

If with windfall tax how much TG will pay?what about supermax?

Contribution to battle Covid-19
Four glove manufacturers - Top Glove, Hartalega, Supermax and Kossan have committed to contribute RM400mil to battle Covid-19, including bearing the cost of the Covid-19 vaccine and health equipment.
https://www.thestar.com.my/news/nation/2020...t-2021-liveblog