Supermax Corp Bhd’s share price, which ciosed down at 98.5 on Friday (June 10), fell below 90 sen on Wednesday (June 15) as investors weighed the impact of the Covid-19 vaccine-led economic recovery on the rubber glove manufacturing industry and amid broader market weakness ahead of the US Federal Reserve’s (Fed) interest rate decision. Since the beginning of 2022, Supermax’s share price has fallen to current levels from the stock’s closing price of RM1.43 on January 3, 2022.
The Month in International Trade – December 2021 | All Alerts & Newsletters crowell.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowell.com Daily Mail and Mail on Sunday newspapers.
Supermax Corp Bhd warned on Monday (Oct 25) that there will be "material effect" on its financial performance should the glove maker’s efforts to divert sales to other markets be less than successful after the US Customs and Border Protection (CBP) issued a Withhold Release Order (WRO) against the company and its subsidiaries’ products on forced labour allegations.
U S issues ban on Supermax gloves for alleged forced labor rubbernews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rubbernews.com Daily Mail and Mail on Sunday newspapers.
The U.S. government ordered a halt Wednesday to imports of disposable gloves from a Malaysian company and its subsidiaries after determining they rely on forced labor.