Top glove raw materials. KUALA LUMPUR: Top Glove Bhd's earnings fell 13.

Top glove raw materials Raw material prices outlook: Nitrile: Deferred capacity expansion and lower production by glovemakers will ease prices. Oct 5, 2020 · Top Glove chairman Tan Sri Lim Wee Chai further guided that the increase in the ASP of gloves due to the virus-driven demand surge should last for at least another year, due to the shortage of raw materials, in particular for nitrile gloves. Feb 8, 2022 · Shah Alam, Malaysia – Malaysian gloves manufacturer Top Glove expects a sharp decline in raw materials prices in the months to come. PROCUREMENT VISION To be one of the world’s admirable procurement organization. The use of thicker gloves, believed to be more durable and cost effective. " Jun 16, 2023 · Top Glove Corp Bhd, the world's largest glove manufacturer, pinned hopes for improvement in its bottom line in the coming quarter ended Aug 31, 2023 (4QFY2023) on the back of further uptrend in the average selling prices (ASPs) and lower raw material costs, after racking up a fourth straight quarterly loss. Dec 6, 2017 · Top Glove is strongly stresses on Total Quality Management (TQM) and the Quality Control tests are conducted from the point we receive our raw materials straight through the production processes and the finished products points. PROCUREMENT MISSION To source and procure the right quality of materials and services, to deliver a sustainable competitive business. Feb 9, 2022 · Malaysian gloves manufacturer Top Glove says it expects prices of raw materials to come down in the coming months. 27mil a year ago as it was impacted by the stronger ringgit and higher cost of raw materials but it expects to do better in the current quarter. The Top Glove Procurement team is aligned to environmental sustainability. One advantage that local glove manufacturers have, which has enabled them to grow their presence on the global front, is a consistent supply of raw materials such as rubber. 7% to RM672. To guarantee that the rubber used in its gloves is collected sustainably, the firm maintains tight relationships with its suppliers. Unlike latex gloves, which are derived from natural rubber trees, nitrile gloves are completely synthetic, making them a great option for individuals with latex allergies. That combination means nitrile has the benefits of 3QFY22 Top Glove’s Cost Structure Electricity 3% Packaging 7% Chemical 8% Raw Material Labour 12% 44% Fuel Other 13% Overhead 13% Sep 12, 2020 · 3. KUALA LUMPUR: Top Glove Bhd's earnings fell 13. Payment of half yearly sukuk interest in February 2024. Challenging Times Normalizing trend in ASPs due to: Impact from successful vaccine rollout on a global scale New glove supply resulting in pricing pressure Customers remained cautious on stocks ordering amidst normalizing ASPs Raw material costs reduced at a much lower pace in comparison to glove ASPs, thereby impacting profit For Top Glove, raw material cost is the biggest expense and made up close to 40% of total production costs in Q1 2024. In this article, we will delve into the manufacturing process of nitrile gloves, shedding light on the raw materials used and the rigorous quality control measures employed. e. Latex Material Source & Composition: Latex is a commonly used material for medical gloves, primarily made from natural latex derived from the sap of rubber trees. Dec 31, 2021 · Top Glove noted that it expects prices for one of the primary raw materials of its products — nitrile latex — to normalise in line with normalising rubber glove demand. 45mil in the third quarter ended May 31, 2016 from RM72. Monday, October 28, 2024 - 3:10:00 PM Top Links: More Detail More Detail More Detail Governance Environmental Keywords: Glove Materials When dealing with chemicals, corrosive agents, and pointed objects, nothing serves better than gloves. Jul 22, 2023 · Latex glove manufacturing processes involve several steps to produce high-quality disposable gloves used in various industries such as healthcare, food processing, laboratory work, and more. 19mil demonstrating Top Glove had in August and Sept 2024 revised its ASPs upward, following higher raw material costs and a weaker US dollar in 4Q24. Together with raw material (ingredient) shortages, glove manufacturers predict prices could continue rising into 2022. Feb 8, 2025 · Features of Nitrile Gloves The chemical characteristics of nitrile gloves are determined by its material, the main component of nitrile gloves is nitrile rubber, the following is the characteristics of nitrile gloves. Today, we’ll take a look at the step-by-step process of glove manufacturing and the factors that guide the selection of materials for different types of Natural rubber latex, the main raw material used in rubber glove production, made up the bulk or 55% of the company’s cost of production, compared to fuel and chemicals at 9% each, while labour and overhead cost took up 9% and 11% respectively. Dec 9, 2024 · The raw materials most frequently used in the production of gloves are natural rubber latex, nitrile butadiene rubber, Polyethylene (PE), and polyvinylchloride (commonly referred to as vinyl gloves). Depending on the material, they offer reliable protection against bacteria, viruses, chemical and hazardous substances. Various specialty gloves incorporate other materials, but those four cover everything that AMMEX sells. Plus, we provide a rundown of every material and its direct link to Apr 30, 2022 · KUALA LUMPUR (April 30): Top Glove Corp Bhd, the world’s largest rubber glove manufacturer by production capacity, said the price of crude oil-based nitrile or synthetic rubber is expected to reverse its downtrend in line with higher crude oil prices. Holding 26% of world market share for rubber gloves, Top Glove deliver gloves to protect lives in every corner of the globe with operations in Malaysia, Thailand, Vietnam, China, USA, Germany and Brazil. Apr 30, 2022 · Meanwhile, the price of natural rubber latex is expected to rise to US$1. Its main component is polyisoprene, along with small amounts of proteins, sugars, lipids, and ash. As a result, profit margins temporarily declined, and the company was hit by a difficult business situation. Jun 26, 2025 · To mitigate foreign exchange risks, Top Glove maintains a one-month forward hedging policy covering 25% of its US dollar proceeds and expects further cost relief from declining raw material and gas prices. KUALA LUMPUR: Raw material costs are expected to normalise while natural gas prices are poised to trend downward in the second half of 2024 (2H24), giving room for the glove sector to sustain operating margin. World’s largest manufacturer of gloves Nitrile, Natural Rubber and Surgical gloves Life Cycle Assessment (LCA) evaluates the environmental impacts of a product throughout its entire life cycle, from raw material extraction to end-of-life disposal. 27mil from RM661. The rising production cost is expected to be cushioned by the company’s higher cost efficiency and capacity utilisation in the future as well as falling natural gas tariffs. Jun 19, 2024 · According to Top Glove, raw material prices for 3QFY2024 were on an uptrend quarter-on-quarter, with the average NR latex concentrate price up by 20% to RM6. Jun 9, 2021 · Top Glove is committed to ensuring its raw materials come from responsibly managed forests. Wholesale prices. Let’s take a look at how nitrile gloves are manufactured. 86/kg for Dec 2022 Jan 3, 2025 · Top Glove is dedicated to ethical raw material procurement. Acid, alkali and corrosion resistant substances. What are some notable developments that Top Glove’s shareholders can look forward to? • We believe that global demand for gloves will continue to be robust, growing by c. Raw material prices were mixed quarter-on-quarter, with average natural latex concentrate prices trending downward by 1% to RM6. There are different kinds of leather and these different leathers has different benefits depending on the animal and 6 days ago · KUALA LUMPUR (Oct 10): Top Glove Corp Bhd (KL:TOPGLOV), the world’s largest glove manufacturer by capacity, is confident it has sufficient capacity to meet the anticipated surge in US demand for medical gloves following the imposition of higher tariffs on Chinese imports, which are set to take full effect in January 2025. Jun 19, 2013 · Top Glove’s recent moves are hinting at an effort to go upstream to secure a constant supply and a low price for its raw materials. 6% yoy) fell short of both our and consensus estimates, delivering only 40% and 43% of our respective forecast. 18 last August, according to Top Glove. We provide a comprehensive range of high quality gloves at an efficient low cost. Jun 1, 2024 · Raw Material Inspection: The quality control starts with inspecting the raw materials used in glove production. Calculate the carbon footprint reduction and see the impact Mar 19, 2025 · In recent years, Top Glove has introduced advanced glove technologies, such as antimicrobial coatings and biodegradable materials. To this end, it has obtained the Forest Stewardship Council (FSC) certification, which has to date, covered 68% of its latex supply suppliers and 17% of its inner and carton suppliers. 4. The energy saving effect is remarkable. Jun 6, 2023 · What are gloves made out of? We will keep this article short as possible and only cover some of the most requested materials for gloves. In an investor presentation on 31 Jan, the company said it expected the ‘declining trend’ of prices to continue for key raw materials, including nitrile, natural rubber latex and butadiene. The price adjustments were made in response to declining raw material costs to enable cost past-through and maintain price competitiveness. A Splash of Color: Nitrile gloves come in various colors, and no, it’s not just about aesthetics. The quality of gloves will differ based on how they treat each manufacturing stage. Oct 15, 2006 · Making latex exam gloves is a multi-stage process to ensure quality, medical-grade gloves are produced. “The third quarter was marked by uncertainty and Apr 30, 2022 · Top Glove Corp Bhd, the world’s largest rubber glove manufacturer by production capacity, said the price of crude oil-based nitrile or synthetic rubber is expected to reverse its downtrend in line with higher crude oil prices. These innovations not only enhance product performance but also align with global efforts to promote sustainability and reduce environmental impact. 6 days ago · According to Top Glove, raw material prices for 3QFY2024 were on an uptrend quarter-on-quarter, with the average NR latex concentrate price up by 20% to RM6. Jan 22, 2024 · The ASPs are still below pre-pandemic levels. Established in 1991 in Malaysia, Top Glove Corporation Bhd is the world’s largest manufacturer of gloves. PATAMI of RM215. If cheaper raw materials are used during manufacturing, glove strength and flexibility are compromised, (increasing the rate of glove failure) causing glove usage to increase. There is not a single material that contributes to glove manufacturing. A copolymer is simply a polymer made up of two or more monomers. Higher raw material price and sales which led to higher working capital requirement. Oct 14, 2024 · AI technologies provide a means to increase supply chain transparency, mitigate risks, and ensure the stability of raw material supply, making Top Glove more agile and adaptable to future shocks. The molecular chain structure of natural latex provides […] Apr 22, 2016 · Aw said Top Glove had benefited the most from lower raw material prices and a stronger US dollar against the ringgit last year. Learn about their composition and performance. "While there may be some expansion outside China over the next two years, it is unlikely to be on a large scale given the uncertainty surrounding potential US actions against such Nov 20, 2021 · Nitrile Gloves Materials First of all, it helps to understand what nitrile gloves are actually made from. Nitrile gloves have become a crucial component in various industries due to their exceptional properties and versatility. Sep 23, 2023 · Discover what baseball gloves are made of: leather, synthetic materials, and padding. In depth view into Top Glove Raw Materials Inventory (Quarterly) including historical data from 2011, charts and stats. Good chemical resistance. Nonetheless, he noted challenges in the European market amid Chinese trade diversion. Industrial Work Gloves Market Size 2024 and 2033 Market Driver The primary driver for the industrial work gloves market is the global escalation of stringent workplace safety regulations. Therefore, this guide helps you get familiar with every type of material, its pros/cons, and their usage. At the very end of the article, we will also point you toward other articles that dive deeper into glove materials around specific product lines, such as disposable gloves, rain gear, etc. 1 Supply Chain Management Diagram 2 A supply chain in Top Glove includes the suppliers of raw materials, component and activities that needed by company to run manufacturing process. , raw material sourcing, primarily natural rubber needed to manufacture rubber gloves. Understanding the relationship between raw materials and manufacturing processes enables better decision-making in glove selection and production planning. Key Components of NBR: Acrylonitrile – Provides chemical resistance and durability. 10 for a market capitalisation of RM6. Find premium grades of latex, nitrile, and polyethylene for various glove types. 0 Current Performance of Supply Chain in Top Glove 3. Higher capex in 2Q in preparation for recommencement of several production lines. Here's an overview of the typical latex glove manufacturing process: Raw Material Preparation: The main raw material for latex gloves is natural rubber latex, which is derived from the sap Oct 10, 2020 · 1. Each glove material suits a specific application. Shop high-quality raw material for gloves from reliable suppliers. Top Glove is currently operating at around 60% of its total production Aug 25, 2022 · The glove mold uses coal gangue to replace alumina and most of the mullite in the raw material processing, which not only reduces the ball milling time by 1/3, but also improves the density of the product, thereby reducing the ball milling time from the original 25h to 15h. Oct 6, 2023 · KUALA LUMPUR, Oct 6 (Bernama) -- Top Glove Corporation Bhd is banking that an uptrend in the average selling prices (ASPs) of its gloves will lead to higher earnings in the next six to 12 months. At 10:29am today, Top Glove shares rose five sen or 1% to RM5. The choice of material depends on the need and requested properties. Average Selling Prices (ASP) have also been increasing monthly, along with higher raw material and operating costs. Furthermore, we will exp Feb 11, 2023 · Top Glove Corporation Bhd was established in 1991 in Malaysia and has since grown from a single factory with one glove production line into the world’s largest manufacturer of gloves. For example, to protect the hands from oil, solvents […] The operating environment for glove manufacturers such as Top Glove Corp Bhd is expected to remain challenging over the near term, mainly due to product oversupply. Mar 20, 2025 · He added that the group is targeting further sales growth in the US, driven by US import tariffs on Chinese gloves and a decline in raw material prices, which allows for more flexible glove pricing. Glove materials Different kinds of materials are used in our gloves to create maximal performance and protection. "We also do not foresee any new expansions in China due to the US tariff issue. In March 2021, Top Glove conducted a formal and comprehensive materiality assessment to identify critical ESG issues which drive our long term value creation and have a significant impact on the Company's business performance. First, we need to prepare the raw materials, and then we move on to the dipping. Jun 21, 2023 · Malaysia’s glove makers are benefiting from streamlining of operations, new investments, and net-zero collaborations to mitigate the impact of low demand, against the backdrop of a glut of gloves and expensive raw materials, says Angelica Buan in this roundup of the sector. Butadiene Sep 12, 2024 · Introduction to Glove Manufacturing Gloves are an essential accessory, used in various industries, medical fields, and daily life. 19/kg). Discover the benefits of our Biogreen® Biodegradable Nitrile Gloves. A recent surge in demand for rubber gloves is expected to give Top Glove Corp Bhd stronger bargaining power in pricing should there be any increases in raw-material or natural-gas prices. The opposite is true if manufactured from cheap raw materials. Raw materials accounted for 41% of Top Glove's production cost structure in 3QFY2024. Mar 10, 2022 · “With the increase in raw material prices, we believe the ASP has hit bottom or close to bottom and it is likely to move up in the next few quarters. Expected to decline by 8% from Sep 2022 to an estimated USD0. 25% in 2021, especially given the current pandemic. Apart from a higher tax rate, the weakness was attributed to weaker contribution from its China operation. Our gloves are used in many areas of life and in a wide range of industries, including healthcare, research, food processing and other services. Jun 17, 2025 · The 5% SST on raw latex materials has been granted a grace period through Dec 31, 2025 by the Royal Malaysian Customs Department as glove makers have ongoing negotiations with the government, according to Apex Securities. Jan 29, 2024 · Top Glove (TOPG) reported a weaker than expected set of 1HFY19 results. May 17, 2021 · Single-use glove demand has continued unabated, with the market predicted to grow by 670 percent. Understanding how they are made involves delving into the materials used and the manufacturing process itself. Nov 23, 2022 · Top Glove Corporation is one of Malaysia's most prominent rubber glove manufacturers. We have since allocated 30% of our total capacity Price volatility of raw materials like natural rubber latex and nitrile presents an ongoing challenge for market stability and cost forecasting. 96/kg. Jul 21, 2024 · To meet this demand, Top Glove further expanded production, but at the same time, it faced high raw material and labor costs. KUALA LUMPUR (April 30): Top Glove Corp Bhd, the world’s largest rubber glove manufacturer by production capacity, said the price of crude oil-based nitrile or synthetic rubber is expected to reverse its downtrend in line with higher crude oil prices. Top Glove is a leading manufacturer of disposable rubber gloves. This includes checking the quality and specifications of materials such as latex, nitrile, or vinyl, which are commonly used in glove manufacturing. Sep 3, 2024 · By examining every stage of a product’s life cycle, from raw material extraction to disposal, Top Glove is taking a transparent approach to sustainability, promoting the conservation of natural resources and reducing carbon footprints. To put it in simpler terms, Nitrile is a combination of those two substances. Quality of raw materials used affects strength and flexibility, so choose gloves from reputable manufacturers. We also use synthetic polyisoprene to manufacture certain products. The following illustrates what these stages are from gathering the raw materials to the final inspection. Read the Top Glove Corporation SWOT analysis for your knowledge. We are committed to responsible sourcing and ensure sustainable growth by working closely with our suppliers to fully understand the environmental impact of our raw materials, processes and products on the overall product life cycle. Executive chairman Tan Sri Dr Lim Wee Chai said the ASPs have hit an all-time low and are likely to increase for the world’s largest glove manufacturer, in tandem with higher raw materials costs High quality examination gloves from the World’s Largest Manufacturer. The company also has marketing offices in these countries as well as USA, Germany, Brazil and China; and exports to over 2,000 Aw said Top Glove had benefited the most from lower raw material prices and a stronger US dollar against the ringgit last year. Dec 18, 2022 · The basic building blocks There are four primary materials used in making disposable gloves: nitrile butadiene rubber, natural rubber latex, polyvinyl chloride, and polyethylene. For Top Glove, raw material cost is the biggest expense and made up close to 40% of total production costs in Q1 2024. Top Glove's LCA accesses the glove's carbon emission from cradle (raw material) to grave (disposal). 59 a kg in May, compared with US$1. The lack of glove supply has resulted in quality issues and increased social, economic and environmental problems. Top Top Glove continues to pursue vertical and horizontal expansion by building more gloves factories as well as venturing into non-glove sectors such as face masks and health care products. The company noted that raw materials accounted for the largest portion of 44% of its cost structure in the second quarter ended Feb 28, 2022 (2QFY22). What started as a local business enterprise with 1 factory and 1 glove production line, today has manufacturing operations in Malaysia, Thailand, and Vietnam. The most commonly used raw materials for the production of gloves are natural rubber latex (generally referred to as latex), nitrile butadiene rubber (or simply, nitrile) and polyvinylchloride (commonly called vinyl or PVC gloves). Gloves, engine of growth for rubber sector The rubber industry is Malaysia’s second-largest commodities sector after Minor ASPs adjustment due to cost pass through from lower raw material prices, while maintaining a certain level of margin Ongoing implementation of quality and cost optimisation initiatives at operating factories, driven by Jun 19, 2024 · TOP GLOVE DELIVERS SIGNIFICANTLY IMPROVED 3QFY2024 PERFORMANCE 3QFY2024 Profit After Tax jumps 255% to RM62 million Shah Alam, Wednesday, 19 June 2024 Top Glove Corporation Bhd or “Top Glove” today announced its financial results for the Third Quarter ended 31 May 2024 (3QFY2024), emerging from a protracted period of industry wide glove demand/supply imbalance, to deliver a substantially Dec 20, 2024 · Top Glove had in August and September 2024 revised its average selling prices (ASPs) upward, following higher raw material costs and a weaker US dollar in 4QFY2024. Jul 16, 2025 · The collaboration between material suppliers and equipment manufacturers ensures that raw materials are processed efficiently and effectively to produce high-quality protective gloves. The assessment was led by the Sustainability Steering Group and undertaken by an independant third party to ensure objectivity and complete confidentiality. Rubber glove raw material costs to normalise Top Glove noted that it expects prices for one of the primary raw materials of its products — nitrile latex — to normalise in line with normalising rubber glove demand. The stock saw 748,500 shares traded. Oct 21, 2024 · In response, Top Glove has revised its selling prices upwards, the effects of which will be realised from November onwards due to the time lag. Aug 6, 2025 · 1. Dec 30, 2024 · MRP 3QFY24 Production Cost Structure Depreciation 5% Electricity 5% Packaging 7% Raw Material Other Overhead 41% 7% Chemical 8%. May 17, 2024 · From rubber trees to your fingertips, explore the meticulous process behind how latex gloves are made for ultimate protection. He added that moving forward, glove manufacturers will have some pricing power due to factors like fluctuating raw material prices and increased margin from improved capacity utilisation. In Top Glove, the supply chain operations start with upstream activities, i. Nitrile, also called nitrile butadiene rubber, is a copolymer of butadiene and acrylonitrile. 5% to RM62. Oct 17, 2022 · Are you a medical student and have been asked to write a process essay? We have described the top glove manufacturing process, from raw material procurement to packaging. 3QFY22 Top Glove’s Cost Structure Electricity 3% Packaging 7% Chemical 8% Raw Material Labour 12% 44% Fuel Other 13% Overhead 13% Step 1: Raw Material Sourcing Nitrile gloves are made from synthetic rubber known as nitrile butadiene rubber (NBR). KUALA LUMPUR (March 9): Top Glove Corp Bhd expects net profit margin to return to a normal level at 8% to 10% moving forward — this is much lower compared with the quarterly margin of 38% to 53% in the financial year ended Aug 31, 2021 (FY21). Jun 19, 2024 · Top Glove Corp Bhd (KL: TOPGLOV) said it expects the price of its raw materials to soften for the rest of the year, leading to a further improvement in its profit margin. 61/kg, while average nitrile latex prices rose 8% to $0. 77/kg, and the average NBR price up 16% to 89 US cents per kg (RM4. Dec 31, 2021 · Rubber glove raw material costs to normalise Top Glove noted that it expects prices for one of the primary raw materials of its products — nitrile latex — to normalise in line with normalising rubber glove demand. Mar 19, 2025 · Top Glove Corporation Berhad, the world’s largest glove manufacturer, continues to set global standards in quality and innovation. Together with us, you will improve your academic performance! Gloves can be made from a variety of materials. 8m (+0. LEATHER Leather is a natural material and adapts to the surrounding temperature and environment. ” The group’s executive director, Lim Cheong Guan, projected a less aggressive pricing competition moving forward as the higher raw material price has resulted in much faster price adjustment. 43 billion. Apr 4, 2023 · Choosing the best glove materials is easier than ever thanks to our vast selection of next-generation, specially-made-for-gloves selection. While many new players entered into the glove-making industry in the past two years, which has caused oversupply, Top Glove’s founder and executive Oct 11, 2024 · KUALA LUMPUR (Oct 11): After missing expectations for its full-year results, Top Glove Corporation Bhd (KL:TOPGLOV) is expected to continue facing challenges amid escalating costs and unfavourable currency movements, prompting downward revision on earnings forecasts by analysts. The world's largest glove maker announced on Wednesday that its revenue rose rose 1. gfgax vsgt hklu ykfdw hsqa nprxu xekq dot xtpg evkz iufu dopx mpcud zbrmfld atal