Here's what Top Glove has to say about sustaining its super profits
KUALA LUMPUR (Dec 12): The world's largest rubber glove maker Top Glove Corp Bhd's latest record-breaking net profit surged past RM2 billion, backed by strong demand for gloves in both developed and emerging markets, thanks to the pandemic. But behind this super profit, the group has been dogged by issues ranging from import bans in the US market over allegations of forced labour, a surge of Covid-19 infections among its workers that has halted half its production capacity, and possible legal action by Malaysian authorities for housing its workers in cramped and poorly ventilated accommodatio...
Source: theedgemarkets.com