Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Rubber Division IEC
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • War in Ukraine
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • 2022 Hose & Belt Manufacturers Conference
    • 2022 International Silicone Conference
    • 2022 International Tire Exhibition & Conference (ITEC)
    • 2022 Women Breaking the Mold
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Financial
December 03, 2020 12:21 PM

Top Glove expects factory closures to hurt delivery times, 2021 sales

European Rubber Journal Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    SHAH ALAM, Malaysia—Top Glove's temporary closure of production factories due to a COVID-19 cluster in Meru, Malaysia, is expected to impact annual sales next year.

    "We expect delays in some deliveries by about two to four weeks, as well as a longer lead time for orders," the Malaysian gloves maker said in a Nov. 24 statement.

    The gloves maker estimated a possible 3 percent impact on projected annual sales for financial year 2021, but did not give detailed figures.

    To minimize the impact of the closures on customers, Top Glove said it was allocating sales orders to unaffected factories and rescheduling deliveries where possible.

    The Malaysian gloves manufacturer said Nov. 23 that it temporarily was stopping production, in stages, at its rubber gloves manufacturing facilities in Meru to allow health authorities to carry out COVID-19 screenings at the sites.

    The group said it had stopped production at 16 facilities in the region since Nov.18 to enable COVID-19 tests. The other 12 facilities in the area have been operating at "much reduced capacities," it added.

    Top Glove posted record-high sales of $1.8 billion for the financial year ended Aug. 31, helped by higher volumes and average selling prices.

    In its annual financial report in September, the gloves maker said it projected a 25 percent growth in demand for rubber gloves in 2021.

    Related Article
    Top Glove halting production at 28 factories amid COVID-19 outbreak
    Malaysia inspects rubber goods factories amid forced labor allegations
    Top Glove more than doubles remediation package for laborers
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Updated: Goodyear to close 'redundant' Cooper Tire warehouses
    2
    Danfoss Power Solutions, former Eaton Hydraulics see success a year after purchase
    3
    Hexpol Silicones nearly triples space with move to Akron facility
    4
    Kultevat looks to fill gap in domestic NR source with TKS dandelion
    5
    Cooper-Standard shows improvements amid headwinds
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News China
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Rubber Division IEC
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • War in Ukraine
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • 2022 Hose & Belt Manufacturers Conference
        • 2022 International Silicone Conference
        • 2022 International Tire Exhibition & Conference (ITEC)
        • 2022 Women Breaking the Mold
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
    • Advertise
    • DIGITAL EDITION