Comfort Gloves on uptrend despite industry headwinds

  • 📰 staronline
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

United States News News

United States United States Latest News,United States United States Headlines

While the big boys have recorded downtrend earnings, ComfortGloves has been steadily on the rise.

“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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Regulating piracy can help the local music industry, say artistesKUALA LUMPUR: The setting up of a regulatory body for the local music industry can help revitalize the sector which is currently in a state of stagnat...
Source: theSundaily - 🏆 25. / 51 Read more »