I buy gloves from several Malaysian glove manufacturers to sell in Europe. I have a licence to supply gloves to Hospitals in Spain. I notice there is an oversupply of gloves. As a result, glove price is dropping.
All existing glove makers have expanded their production.
Currently all the existing glove manufacturers have expanded their production.
Many companies have diversified
Many companies which are not in the glove business before have diversified to manufacturing gloves. For example:
Mah Sing, a property developer has diversified into the healthcare industry by venturing into glove manufacturing. Establishing its first glove manufacturing factory in Kapar, Mah Sing aspires to be one of the top five glove producers in Malaysia in the future.
Luster Industries Sdn Bhd specialises in plastic moulds, plastic injection moulding (moulding) and assembly. Incorporated in 1986, the Malaysia-based company. 12 Apr 2021 Luster Industries signed a contract for the construction and commissioning (EPCC) for 12 rubber glove production lines in the US. The agreement was inked between Luster and American Nitrile.
Many new glove makers in Malaysia
AT Gloves
The company is set to commence glove production as early as Dec 2020 and increase production up to 2.6 billion pieces of medical grade nitrile gloves per annum by June 2021.
JR Engineering and Medical Technologies have grown from a rubber gloves processing agent to a full-scale glove manufacturer.
GREAT ECO GLOVE SDN BHD (GEG), is one of the rubber glove manufacturers in the State of Selangor, Malaysia. We aspire to serve our customers with full commitment from the heart.
AXG INDUSTRIES SDN BHD We are specializing in Latex, Rubber & Nitrile (Synthetic) Glove in powdered and powder free form with OEM brand allowed and which has been marketed
EONMETALL Group Bhd plans to invest RM51 mil in a 51% stake in Lienteh Technology Sdn Bhd (LTSB), which is expected to begin its nitrile glove manufacturing operation next month.
Besides the new glove makers as stated above, there are many more glove makers in Malaysia namely
Leader Steel, Rimba Gloves, HLT Global, Kanger Tech, CE Technology, Inix Technology, 23 Gloves Johore, Ol Gloves, etc
I am sure I can also buy gloves at cheaper prices from China.
https://klse.i3investor.com/blogs/koonyewyinblog/2021-04-25-story-h1564135900-Glove_Price_is_dropping_Henry_Wong_Wei_Khen.jsp
