“It is impacted, make no mistake but from the demand side. What affects the bigger players doesn’t necessarily affect us because we’re playing in different markets and have different sets of customers.
Comfort Gloves has just completed its third quarter ended Oct 31, of which Cheang said solid results are expected. It produces some 380 million to 400 million pieces of gloves monthly at the moment, out of which 85% are nitrile and 15% latex. Commenting on the issue of oversupply that is affecting most industry players, Lau Joo Yong, who is also an executive director of Comfort Gloves, said most players do not get into the fairly niche segments it is in.
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Source: theSundaily - 🏆 25. / 51 Read more »