Malaysia's Rubber Glove Tycoons Ride Skyrocketing Demand For Protective Gear
Prices of rubber gloves tripled this year due to the pandemic, and that helped to boost the fortunes of five founders of Malaysia’s glove companies.
Source: forbes.com
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Riverstone to reap short-term benefits from pandemic without neglecting long-term growth
SINGAPORE-listed Riverstone Holdings Ltd may not be a popular stock among local investors here, but the Malaysia-based nitrile cleanroom glove maker is actually one of the world’s largest listed glove companies in terms of revenue after the Big Four. Headquartered in Bukit Beruntung, Selangor, Riverstone also operates manufacturing facilities in Taiping, Perak, which is its main and largest plant, as well as in Thailand and China. At a time when most glove makers and new entrants are ramping up production capacity aggressively, Riverstone executive chairman and CEO Wong Teek Son says the gr...
Source: theedgemarkets.com