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Malaysia's Producer Price Index Up 12.6% Y-O-Y In November
The Producer Price Index (PPI) for local production increased 12.6 per cent year-on-year (y-o-y) in November 2021 as opposed to a decline of 3.0 per cent in the same month last year, mainly due to the surging cost of raw materials, said the Department of Statistics Malaysia.
30 DEC 2021
Malaysia's Producer Price Index Up 12.6% Y-O-Y In November
The Producer Price Index (PPI) for local production increased 12.6 per cent year-on-year (y-o-y) in November 2021 as opposed to a decline of 3.0 per cent in the same month last year, mainly due to the surging cost of raw materials, said the Department of Statistics Malaysia.
Malaysia’s Trade Hits Historical High In Jan-Nov 2021, Surpasses RM2 Trillion Mark
Malaysia’s total trade surpassed the RM2 trillion mark for the first time in history, expanding 24.6 per cent year-on-year (y-o-y) to RM2.01 trillion from January to November 2021.
29 DEC 2021
Malaysia’s Trade Hits Historical High In Jan-Nov 2021, Surpasses RM2 Trillion Mark
Malaysia’s total trade surpassed the RM2 trillion mark for the first time in history, expanding 24.6 per cent year-on-year (y-o-y) to RM2.01 trillion from January to November 2021.
Exports Of Rubber, Products Increased By 70.7pc To RM63.2bil In 10-Month Of 2021, Says MRC
Malaysia's rubber products remain dominant in the third quarter of 2021, allowing the industry to continue to thrive and contribute to the country's economy. According to Malaysia Rubber Council (MRC), until October 2021, the overall exports of rubber and rubber products increased by RM63.2 billion (70.7 per cent) as compared to RM37 billion in 2020.
23 DEC 2021
Exports Of Rubber, Products Increased By 70.7pc To RM63.2bil In 10-Month Of 2021, Says MRC
Malaysia's rubber products remain dominant in the third quarter of 2021, allowing the industry to continue to thrive and contribute to the country's economy. According to Malaysia Rubber Council (MRC), until October 2021, the overall exports of rubber and rubber products increased by RM63.2 billion (70.7 per cent) as compared to RM37 billion in 2020.
Zuraida Promises Assistance for Smallholders Affected by Floods
The Ministry of Plantation Industries and Commodities will provide appropriate assistance to smallholders affected by the floods that hit several states in the country, said its minister Datuk Zuraida Kamaruddin.
20 DEC 2021
Zuraida Promises Assistance for Smallholders Affected by Floods
The Ministry of Plantation Industries and Commodities will provide appropriate assistance to smallholders affected by the floods that hit several states in the country, said its minister Datuk Zuraida Kamaruddin.
Rubber Industry Retains Pole Position This Year
The rubber industry retained its pole position in 2021 compared with other commodities, notching impressive growth and contribution to the country’s coffers as demand and production of rubber gloves were largely unperturbed by Covid-19 containment measures.
15 DEC 2021
Rubber Industry Retains Pole Position This Year
The rubber industry retained its pole position in 2021 compared with other commodities, notching impressive growth and contribution to the country’s coffers as demand and production of rubber gloves were largely unperturbed by Covid-19 containment measures.
MPIC To Launch National Agricommodity Policy 2021-2030 Early Next Year - Zuraida
The Ministry of Plantation Industries and Commodities (MPIC) will be launching the National AgriCommodity Policy (DAKN) 2021-2030 early next year to be used as a reference for the country’s commodity sectors, namely oil palm, rubber, timber, pepper, cocoa and kenaf.
11 DEC 2021
MPIC To Launch National Agricommodity Policy 2021-2030 Early Next Year - Zuraida
The Ministry of Plantation Industries and Commodities (MPIC) will be launching the National AgriCommodity Policy (DAKN) 2021-2030 early next year to be used as a reference for the country’s commodity sectors, namely oil palm, rubber, timber, pepper, cocoa and kenaf.
Canadian Regulators Issue New Reporting Requirements For Medical Device Shortages
Health Canada, the Canadian medical device market regulator, has published new guidance covering procedures and criteria for medical device manufacturers to report shortages and product discontinuations in order to protect the country’s medical supply chain.
05 DEC 2021
Canadian Regulators Issue New Reporting Requirements For Medical Device Shortages
Health Canada, the Canadian medical device market regulator, has published new guidance covering procedures and criteria for medical device manufacturers to report shortages and product discontinuations in order to protect the country’s medical supply chain.
2,000 Crepe Rubber Processing Centres to Be Built to Help Smallholders Get Higher Income, Says Zuraida
The government plans to build 2,000 crepe rubber processing centres nationwide to enable rubber smallholders, totalling about 459,000 in the country, to reap higher income.
01 DEC 2021
2,000 Crepe Rubber Processing Centres to Be Built to Help Smallholders Get Higher Income, Says Zuraida
The government plans to build 2,000 crepe rubber processing centres nationwide to enable rubber smallholders, totalling about 459,000 in the country, to reap higher income.
Top Glove Included in Dow Jones Sustainability Indices For Third Consecutive Year
Top Glove Corp Bhd has been named to the Dow Jones Sustainability Indices (DJSI) under the emerging markets category for the third consecutive year. In a statement, the glove maker said it ranked among the top 10% globally in the healthcare equipment and supplies category in the S&P Global Corporate Sustainability Assessment as at the score date of Nov 12, an improvement from last year when it stood among the top 19% of its peers.
22 NOV 2021
Top Glove Included in Dow Jones Sustainability Indices For Third Consecutive Year
Top Glove Corp Bhd has been named to the Dow Jones Sustainability Indices (DJSI) under the emerging markets category for the third consecutive year. In a statement, the glove maker said it ranked among the top 10% globally in the healthcare equipment and supplies category in the S&P Global Corporate Sustainability Assessment as at the score date of Nov 12, an improvement from last year when it stood among the top 19% of its peers.
Malaysia-UAE Bilateral Trade Set to Record Double-Digit Growth Next Year
The bilateral trade between Malaysia and United Arab Emirates (UAE) is set to record healthy double-digit growth in the post-pandemic era next year, said Malaysia’s Ambassador to the UAE Mohd Tarid Sufian.
22 NOV 2021
Malaysia-UAE Bilateral Trade Set to Record Double-Digit Growth Next Year
The bilateral trade between Malaysia and United Arab Emirates (UAE) is set to record healthy double-digit growth in the post-pandemic era next year, said Malaysia’s Ambassador to the UAE Mohd Tarid Sufian.
SIRIM's MDIC to Focus on Three Main Programmes
SIRIM Bhd’s Medical Device Innovation Centre (MDIC), which officially opened last month, will expand its capability so that it can act as an enabler to strengthen the country’s medical device ecosystem.
16 NOV 2021
SIRIM's MDIC to Focus on Three Main Programmes
SIRIM Bhd’s Medical Device Innovation Centre (MDIC), which officially opened last month, will expand its capability so that it can act as an enabler to strengthen the country’s medical device ecosystem.
Kedah Expects to Attract RM10 Bil New Investments in 2022
The Kedah government expects to attract RM10 billion in new investments to the state next year, said Menteri Besar Datuk Seri Muhammad Sanusi Md Nor. He said that to achieve the target, it required hard work and cooperation with various parties, including the Malaysian Investment Development Authority (MIDA).
14 NOV 2021
Kedah Expects to Attract RM10 Bil New Investments in 2022
The Kedah government expects to attract RM10 billion in new investments to the state next year, said Menteri Besar Datuk Seri Muhammad Sanusi Md Nor. He said that to achieve the target, it required hard work and cooperation with various parties, including the Malaysian Investment Development Authority (MIDA).
SIRIM QAS Assures Quality, Safety and Standards in Medical Devices
The global medical devices market is on the rise. According to research and consulting company, Precedence Research, the market size of medical devices worldwide will hit US$671.49 billion by 2027, up from US$447.63 billion in 2019. This means a cumulative average growth rate (CAGR) of 5.2% from 2020 to 2027.
08 NOV 2021
SIRIM QAS Assures Quality, Safety and Standards in Medical Devices
The global medical devices market is on the rise. According to research and consulting company, Precedence Research, the market size of medical devices worldwide will hit US$671.49 billion by 2027, up from US$447.63 billion in 2019. This means a cumulative average growth rate (CAGR) of 5.2% from 2020 to 2027.
Pent-Up Demand Boon for Rubber Prices
Glove makers and tyre manufacturers may have to brace for higher material costs in the coming months. It is worth noting that while Malaysian glove makers are largely focused on nitrile gloves at 60%, natural rubber gloves make up the remaining 40% of total production.
05 NOV 2021
Pent-Up Demand Boon for Rubber Prices
Glove makers and tyre manufacturers may have to brace for higher material costs in the coming months. It is worth noting that while Malaysian glove makers are largely focused on nitrile gloves at 60%, natural rubber gloves make up the remaining 40% of total production.
Sirim Launches MDIC to Enhance Medical Device R&D
Sirim Bhd, a leader in technology and quality solutions, today launched the Medical Device Innovation Centre (MDIC) to grow research and development (R&D) capabilities for the local medical device industry.
30 OCT 2021
Sirim Launches MDIC to Enhance Medical Device R&D
Sirim Bhd, a leader in technology and quality solutions, today launched the Medical Device Innovation Centre (MDIC) to grow research and development (R&D) capabilities for the local medical device industry.
Plantation Industries Ministry: Budget 2022 Focuses on Targeted Development of Agricommodity Sector
The Ministry of Plantation Industries and Commodities (MPIC) opined that Budget 2022 had focused on a more targeted development of the agricultural commodity sector.
30 OCT 2021
Plantation Industries Ministry: Budget 2022 Focuses on Targeted Development of Agricommodity Sector
The Ministry of Plantation Industries and Commodities (MPIC) opined that Budget 2022 had focused on a more targeted development of the agricultural commodity sector.
Extend Deadline for Recalibration Plan, Say Business Groups
The Dec 31 deadline for employers to recalibrate their undocumented foreign workers should be extended, says the National Chamber of Commerce and Industry of Malaysia (NCCIM).
27 OCT 2021
Extend Deadline for Recalibration Plan, Say Business Groups
The Dec 31 deadline for employers to recalibrate their undocumented foreign workers should be extended, says the National Chamber of Commerce and Industry of Malaysia (NCCIM).
ANRPC Lowers Rubber Production, Consumption Forecast
The Association of Natural Rubber Producing Countries (ANRPC) has lowered its production and demand estimates for 2021, despite signs of global economic recovery.
25 OCT 2021
ANRPC Lowers Rubber Production, Consumption Forecast
The Association of Natural Rubber Producing Countries (ANRPC) has lowered its production and demand estimates for 2021, despite signs of global economic recovery.
Mahdzir in Favour of Raising Floor Price of Scrap Rubber
The proposal to increase the floor price of scrap rubber from the current RM2.50 per kg to RM3.50 per kg will prevent smallholders from switching to other commodity crops, says Rural Development Minister Datuk Seri Mahdzir Khalid.
20 OCT 2021
Mahdzir in Favour of Raising Floor Price of Scrap Rubber
The proposal to increase the floor price of scrap rubber from the current RM2.50 per kg to RM3.50 per kg will prevent smallholders from switching to other commodity crops, says Rural Development Minister Datuk Seri Mahdzir Khalid.
Hire More Malaysians to Cope with Increasing Product Demand, Rubber Glove Makers Told
The country's leading rubber glove makers have been urged to reduce their dependence on foreign labour and hire more Malaysians, given their need to expand the workforce to cope with increasing demand.
15 OCT 2021
Hire More Malaysians to Cope with Increasing Product Demand, Rubber Glove Makers Told
The country's leading rubber glove makers have been urged to reduce their dependence on foreign labour and hire more Malaysians, given their need to expand the workforce to cope with increasing demand.
Eurasian Economic Union Revises Medical Device Registration System
The Eurasian Economic Union (EAEU), which includes Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, has amended requirements and timeframes for medical device registration and compliance across its economic area.
12 OCT 2021
Eurasian Economic Union Revises Medical Device Registration System
The Eurasian Economic Union (EAEU), which includes Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, has amended requirements and timeframes for medical device registration and compliance across its economic area.
Special Report on the 12th Malaysia Plan 2021 - 2025: Industries Insist A Lot More Time Needed To Adjust to 15% Foreign Labour Cap
In tabling the 12th Malaysia Plan (12MP), Prime Minister Datuk Seri Ismail Sabri Yaakob said that, in the long term, the number of foreign workers will be capped at not more than 15% of the country’s total workforce and foreign worker-related enforcement will be strengthened to support this policy.
11 OCT 2021
Special Report on the 12th Malaysia Plan 2021 - 2025: Industries Insist A Lot More Time Needed To Adjust to 15% Foreign Labour Cap
In tabling the 12th Malaysia Plan (12MP), Prime Minister Datuk Seri Ismail Sabri Yaakob said that, in the long term, the number of foreign workers will be capped at not more than 15% of the country’s total workforce and foreign worker-related enforcement will be strengthened to support this policy.
New MDCG Guidance Shows How Devices Fit into MDR’s Classification Rules
The European Commission’s Medical Devices Coordinating Group (MDCG) on Monday issued a guidance to help manufacturers classify their devices under the Medical Device Regulations (MDR) before they are placed on the EU market.
06 OCT 2021
New MDCG Guidance Shows How Devices Fit into MDR’s Classification Rules
The European Commission’s Medical Devices Coordinating Group (MDCG) on Monday issued a guidance to help manufacturers classify their devices under the Medical Device Regulations (MDR) before they are placed on the EU market.
Malaysia’s Rainforest Canopy Pavilion Opens at Expo 2020 Dubai
Malaysia is leveraging trade and investment opportunities at the Expo 2020 Dubai and anticipates about 40 memorandums of understand to be signed at business-to-business, government-to-government and government-to-business levels, which will strengthen the prospects of achieving between RM8 billion and RM10 billion in potential business leads.
04 OCT 2021
Malaysia’s Rainforest Canopy Pavilion Opens at Expo 2020 Dubai
Malaysia is leveraging trade and investment opportunities at the Expo 2020 Dubai and anticipates about 40 memorandums of understand to be signed at business-to-business, government-to-government and government-to-business levels, which will strengthen the prospects of achieving between RM8 billion and RM10 billion in potential business leads.
Rubber Products Sector Supernormal Earnings on Final Legs: RHB
The anticipated normalisation of earnings for the rubber products sector has begun as the supernormal earnings are in their final legs, says RHB Group Research analysts. In a Sept 28 note, analyst Sean Chew maintains “neutral” on the rubber products sector, with a “neutral” recommendation on six out of the eight regional stocks covered as the expectation of average selling price (ASP) moderation has been largely priced in
28 SEP 2021
Rubber Products Sector Supernormal Earnings on Final Legs: RHB
The anticipated normalisation of earnings for the rubber products sector has begun as the supernormal earnings are in their final legs, says RHB Group Research analysts. In a Sept 28 note, analyst Sean Chew maintains “neutral” on the rubber products sector, with a “neutral” recommendation on six out of the eight regional stocks covered as the expectation of average selling price (ASP) moderation has been largely priced in
Hextar Global Executes RM50 Mil Financing Facility to Fund Nobel Group Buy for Its Specialty Chemicals' Venture
Hextar Global Bhd has executed an RM50 million financing facility from HSBC Amanah Malaysia Bhd to finance its purchase of Nobel Synthetic Polymer Sdn Bhd and Nobel Scientific Sdn Bhd, collectively known as the Nobel Group, which manufactures and supplies chemical derivatives, coating, and related products.
27 SEP 2021
Hextar Global Executes RM50 Mil Financing Facility to Fund Nobel Group Buy for Its Specialty Chemicals' Venture
Hextar Global Bhd has executed an RM50 million financing facility from HSBC Amanah Malaysia Bhd to finance its purchase of Nobel Synthetic Polymer Sdn Bhd and Nobel Scientific Sdn Bhd, collectively known as the Nobel Group, which manufactures and supplies chemical derivatives, coating, and related products.
East Coast Latex Corridor Will Boost National Latex Production, Says Jeck Seng
The East Coast Latex Corridor will increase national latex production, says Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng. He said currently, latex production is largely concentrated in the west coast states such as Johor, Negeri Sembilan, Selangor, Perak and Kedah.
23 SEP 2021
East Coast Latex Corridor Will Boost National Latex Production, Says Jeck Seng
The East Coast Latex Corridor will increase national latex production, says Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng. He said currently, latex production is largely concentrated in the west coast states such as Johor, Negeri Sembilan, Selangor, Perak and Kedah.
UK Regulators Issue New Consultation On Updated Medical Device Regulations Slated For July 2023
The UK Medicines & Healthcare Products Regulatory Agency (MHRA) has published a new public consultation on a proposed post-Brexit regulatory framework for medical devices scheduled to take effect in 2023.
19 SEP 2021
UK Regulators Issue New Consultation On Updated Medical Device Regulations Slated For July 2023
The UK Medicines & Healthcare Products Regulatory Agency (MHRA) has published a new public consultation on a proposed post-Brexit regulatory framework for medical devices scheduled to take effect in 2023.
Demand for Gloves Remain, But ASPs Will Decline Hereon
The demand for gloves should sustain and it is unlikely to suffer from a sharp decline but analysts opine that average selling prices (ASPs) will decline from here on out.
14 SEP 2021
Demand for Gloves Remain, But ASPs Will Decline Hereon
The demand for gloves should sustain and it is unlikely to suffer from a sharp decline but analysts opine that average selling prices (ASPs) will decline from here on out.
US Lifts Ban On Malaysian Glove Maker
The United States on Friday allowed imports from Malaysia's Top Glove Corp, after customs authorities lifted a year-long ban imposed for alleged forced labour found at the world's largest medical glove maker.
13 SEP 2021
US Lifts Ban On Malaysian Glove Maker
The United States on Friday allowed imports from Malaysia's Top Glove Corp, after customs authorities lifted a year-long ban imposed for alleged forced labour found at the world's largest medical glove maker.
Malaysian Glove Makers Face Challenge From China, Hartalega Says
China could emerge as a major force in the global rubber gloves market and threaten the dominance of Malaysian companies in the long term, said Kuan Mun Leong, CEO of Hartalega Holdings Bhd., one of Malaysia’s biggest glove producers.
07 SEP 2021
Malaysian Glove Makers Face Challenge From China, Hartalega Says
China could emerge as a major force in the global rubber gloves market and threaten the dominance of Malaysian companies in the long term, said Kuan Mun Leong, CEO of Hartalega Holdings Bhd., one of Malaysia’s biggest glove producers.
Opportunities in Malaysia’s Rubber Glove Industry
The onset of COVID-19 has increased the demand for personal protective equipment (PPE). This will continue to rise, and the World Health Organization (WHO) estimated that some 89 million medical masks, along with 76 million examination gloves and 1.6 million medical goggles are needed each month to respond to the pandemic.
06 SEP 2021
Opportunities in Malaysia’s Rubber Glove Industry
The onset of COVID-19 has increased the demand for personal protective equipment (PPE). This will continue to rise, and the World Health Organization (WHO) estimated that some 89 million medical masks, along with 76 million examination gloves and 1.6 million medical goggles are needed each month to respond to the pandemic.
Singapore HSA Finalizes Unique Device Identification (UDI) Requirements for Medical Devices
Singapore’s medical device market regulator, the Health Sciences Authority (HSA), has published final guidance for Unique Device Identification (UDI) regulations covering medical devices sold in the country.
30 AUG 2021
Singapore HSA Finalizes Unique Device Identification (UDI) Requirements for Medical Devices
Singapore’s medical device market regulator, the Health Sciences Authority (HSA), has published final guidance for Unique Device Identification (UDI) regulations covering medical devices sold in the country.
IRSG: World Rubber Demand to Rebound 7.4%
The International Rubber Study Group (IRSG) expects a sharp rebound in world rubber demand in 2021 following a strong recovery in global economies.
27 AUG 2021
IRSG: World Rubber Demand to Rebound 7.4%
The International Rubber Study Group (IRSG) expects a sharp rebound in world rubber demand in 2021 following a strong recovery in global economies.
Phase 1 of Rubber Glove Factory In Bidor Expected To Be Ready In 2023
The first phase of the rubber glove factory in the Integrated Glove City Development Project in Bidor, Batang Padang is expected to be completed and start operating in the first quarter of 2023 (1Q23).
26 AUG 2021
Phase 1 of Rubber Glove Factory In Bidor Expected To Be Ready In 2023
The first phase of the rubber glove factory in the Integrated Glove City Development Project in Bidor, Batang Padang is expected to be completed and start operating in the first quarter of 2023 (1Q23).
UKCA Marking Delay: What It Means For Medical Device and IVD Manufacturers
On August 24 the UK government announced that mandatory UKCA marking for all products other than medical devices and IVDs would be delayed by one year, to January 1st, 2023. A reason has not been given, but sources in industry indicate this is due to manufacturers not being able to comply in time. This could have resulted in serious shortages of all sorts of supplies had original compliance timeframes been left in place.
25 AUG 2021
UKCA Marking Delay: What It Means For Medical Device and IVD Manufacturers
On August 24 the UK government announced that mandatory UKCA marking for all products other than medical devices and IVDs would be delayed by one year, to January 1st, 2023. A reason has not been given, but sources in industry indicate this is due to manufacturers not being able to comply in time. This could have resulted in serious shortages of all sorts of supplies had original compliance timeframes been left in place.
M’sia on Right Trajectory for Economic Recovery: MITI
Malaysia remains on the right trajectory for further economic recovery boosted by the surge in external demand supported by electrical and electronics (E&E), petroleum, rubber products, palm oil and chemical products, the Ministry of International Trade and Industry (MITI) said.
17 AUG 2021
M’sia on Right Trajectory for Economic Recovery: MITI
Malaysia remains on the right trajectory for further economic recovery boosted by the surge in external demand supported by electrical and electronics (E&E), petroleum, rubber products, palm oil and chemical products, the Ministry of International Trade and Industry (MITI) said.
Agri-Commodities Export Jumps 65% in Second Quarter
Agri-commodities and agri-commodities product exports jumped 65% to RM105bil in the second quarter of 2021 from RM64bil in the same period last year, Minister of Plantation Industries and Commodities (MPIC) Datuk Dr Mohd Khairuddin Aman Razali (pic) said.
16 AUG 2021
Agri-Commodities Export Jumps 65% in Second Quarter
Agri-commodities and agri-commodities product exports jumped 65% to RM105bil in the second quarter of 2021 from RM64bil in the same period last year, Minister of Plantation Industries and Commodities (MPIC) Datuk Dr Mohd Khairuddin Aman Razali (pic) said.
US FDA Medical Device User Fees See Modest 2.5% Increase For 2022
The US Food and Drug Administration has set a 2.5% increase for 2022 fiscal year fees charged to medical device market applicants seeking 510(k) clearance, Premarket Approval (PMA), De Novo or other registrations in order to sell their products on the US market.
10 AUG 2021
US FDA Medical Device User Fees See Modest 2.5% Increase For 2022
The US Food and Drug Administration has set a 2.5% increase for 2022 fiscal year fees charged to medical device market applicants seeking 510(k) clearance, Premarket Approval (PMA), De Novo or other registrations in order to sell their products on the US market.
VIP Gloves a Good Fit for Booming Nitrile Market
ASX-listed VIP Gloves (ASX: VIP) is on target to continue its remarkable recent growth on the back of the re-opening of its Malaysian manufacturing facility and forecasts continued exponential growth in the global nitrile glove market.
09 AUG 2021
VIP Gloves a Good Fit for Booming Nitrile Market
ASX-listed VIP Gloves (ASX: VIP) is on target to continue its remarkable recent growth on the back of the re-opening of its Malaysian manufacturing facility and forecasts continued exponential growth in the global nitrile glove market.
Proposed US FDA Program Targets Medical Device Supply Chain Shortages
A new program proposed by the US Food and Drug Administration would bolster domestic supply chains for medical devices during public health emergencies, but would also entail additional compliance work for manufacturers.
04 AUG 2021
Proposed US FDA Program Targets Medical Device Supply Chain Shortages
A new program proposed by the US Food and Drug Administration would bolster domestic supply chains for medical devices during public health emergencies, but would also entail additional compliance work for manufacturers.
Hartalega Share Trading Volume Spikes as Investors Weigh Profit Rise, Dividend
Hartalega Holdings Bhd's share trading volume spiked to about 20 million units as the rubber glove manufacturer’s share price pared losses in Bursa Malaysia afternoon trade today in an apparent reaction to the company’s announcement of its year-on-year (y-o-y) and quarter-on-quarter (q-o-q) rise in net profit for the first quarter ended June 30, 2021 (1QFY22) and dividend due to Covid-19 pandemic-driven demand for gloves as crucial personal protective equipment (PPE).
03 AUG 2021
Hartalega Share Trading Volume Spikes as Investors Weigh Profit Rise, Dividend
Hartalega Holdings Bhd's share trading volume spiked to about 20 million units as the rubber glove manufacturer’s share price pared losses in Bursa Malaysia afternoon trade today in an apparent reaction to the company’s announcement of its year-on-year (y-o-y) and quarter-on-quarter (q-o-q) rise in net profit for the first quarter ended June 30, 2021 (1QFY22) and dividend due to Covid-19 pandemic-driven demand for gloves as crucial personal protective equipment (PPE).
The Future of SOP Compliance for Life Science Companies
SOP definition, training and compliance are mission-critical for developing and producing safe and effective medicines and devices that adhere to Good Manufacturing Practices (cGMP) and other regulatory mandates. The real problem that needs solving is not so much SOP compliance, but how to close the gap between compliance and performance.
28 JUL 2021
The Future of SOP Compliance for Life Science Companies
SOP definition, training and compliance are mission-critical for developing and producing safe and effective medicines and devices that adhere to Good Manufacturing Practices (cGMP) and other regulatory mandates. The real problem that needs solving is not so much SOP compliance, but how to close the gap between compliance and performance.
Post-Brexit Medical Device and IVD Oversight: A New Plan for the UK MHRA
The British authority for medical products, MHRA, has published its Delivery Plan 2021-2023. Normally MHRA publishes a new Delivery Plan every five years, and the most recent version was from 2018.
28 JUL 2021
Post-Brexit Medical Device and IVD Oversight: A New Plan for the UK MHRA
The British authority for medical products, MHRA, has published its Delivery Plan 2021-2023. Normally MHRA publishes a new Delivery Plan every five years, and the most recent version was from 2018.
Eight-Fold High for Kossan
Kossan Rubber Industries Bhd ’s latest quarterly net profit surged by more than eight-fold, boosted mainly by stronger demand for its gloves and a higher glove average selling price (ASP).The glovemaker announced a second interim dividend of 12 sen per share.
28 JUL 2021
Eight-Fold High for Kossan
Kossan Rubber Industries Bhd ’s latest quarterly net profit surged by more than eight-fold, boosted mainly by stronger demand for its gloves and a higher glove average selling price (ASP).The glovemaker announced a second interim dividend of 12 sen per share.
FMM calls for non-essential sectors to reopen at 50% capacity
Manufacturers in non-essential sectors, which had seen sales plummet and cashflow nearly dried up due to the Covid-19 restrictions, appealed to the government to let them resume operations at 50% workforce capacity.
21 JUL 2021
FMM calls for non-essential sectors to reopen at 50% capacity
Manufacturers in non-essential sectors, which had seen sales plummet and cashflow nearly dried up due to the Covid-19 restrictions, appealed to the government to let them resume operations at 50% workforce capacity.
Surge in Glove Demand to Lift Rubber Exports This Year
Malaysia’s export of rubber products is estimated to increase by 80% to reach RM74bil this year from RM41bil last year, attributed to a spike in the export of rubber gloves. Rubber gloves would likely constitute over 90% of the country’s total export of rubber products, said a Malaysian Rubber Board spokesperson. “The improving global economic activities have scaled-up the outlook for natural rubber (NR) demand. Global consumption of NR is anticipated to increase 6.7% to 13.7 million tonnes in 2021 following a 7.8% fall in 2020.
19 JUL 2021
Surge in Glove Demand to Lift Rubber Exports This Year
Malaysia’s export of rubber products is estimated to increase by 80% to reach RM74bil this year from RM41bil last year, attributed to a spike in the export of rubber gloves. Rubber gloves would likely constitute over 90% of the country’s total export of rubber products, said a Malaysian Rubber Board spokesperson. “The improving global economic activities have scaled-up the outlook for natural rubber (NR) demand. Global consumption of NR is anticipated to increase 6.7% to 13.7 million tonnes in 2021 following a 7.8% fall in 2020.
Going Green for the Future
Green and clean industries would be the next frontier that the Malaysian rubber industry can capitalise on moving forward. Malaysian Rubber Council deputy director for marketing and development Angela Chan said, “This is in line with consumer demand since we see an increasing demand for electric vehicles which is projected to grow at a compounded annual growth rate (CAGR) of 27% from 2021 to 2030.”
14 JUL 2021
Going Green for the Future
Green and clean industries would be the next frontier that the Malaysian rubber industry can capitalise on moving forward. Malaysian Rubber Council deputy director for marketing and development Angela Chan said, “This is in line with consumer demand since we see an increasing demand for electric vehicles which is projected to grow at a compounded annual growth rate (CAGR) of 27% from 2021 to 2030.”
Gas Price Hike to Have Little Impact on Glove Sector
Gas Malaysia Bhd ’s gas price hike for the third quarter period of this year is expected to have minimal impact on the price of rubber gloves. With natural gas accounting for about 10% of glove manufacturing cost, TA Securities in a report yesterday said the impact would be insignificant. “In our forecast, we have assumed the price of natural gas to decrease by 15.5% in 2021, compared with RM33.65 per metric million British thermal unit (MMBtu) in 2020.
13 JUL 2021
Gas Price Hike to Have Little Impact on Glove Sector
Gas Malaysia Bhd ’s gas price hike for the third quarter period of this year is expected to have minimal impact on the price of rubber gloves. With natural gas accounting for about 10% of glove manufacturing cost, TA Securities in a report yesterday said the impact would be insignificant. “In our forecast, we have assumed the price of natural gas to decrease by 15.5% in 2021, compared with RM33.65 per metric million British thermal unit (MMBtu) in 2020.
ANRPC: Outlook Remains Weak for Short-Term NR Price Recovery
Natural rubber (NR) prices are not expected to make a noticeable recovery in the short-term despite rising demand from the US, Europe and India, according to the Association of Natural Rubber Producing Countries (ANRPC).
06 JUL 2021
ANRPC: Outlook Remains Weak for Short-Term NR Price Recovery
Natural rubber (NR) prices are not expected to make a noticeable recovery in the short-term despite rising demand from the US, Europe and India, according to the Association of Natural Rubber Producing Countries (ANRPC).
Invest in IR4.0 Tech to Reduce Dependence on Migrant Labour
JULY 1 marked a milestone for Malaysia's scientific and technological development. The crucial role of science in powering the economy is being recognised increasingly as ministers heading the Science, Technology and Innovation Ministry and Economic Planning Unit jointly launched the nation's Fourth Industrial Revolution (IR4.0) blueprint.
05 JUL 2021
Invest in IR4.0 Tech to Reduce Dependence on Migrant Labour
JULY 1 marked a milestone for Malaysia's scientific and technological development. The crucial role of science in powering the economy is being recognised increasingly as ministers heading the Science, Technology and Innovation Ministry and Economic Planning Unit jointly launched the nation's Fourth Industrial Revolution (IR4.0) blueprint.
US FDA Publishes Draft Guidance on Distinguishing Between Servicing And Remanufacturing Devices
The US Food and Drug Administration (FDA) published a draft guidance document, Remanufacturing of Medical Devices, on June 21. Issued jointly by the Center for Devices and Radiological Health (CDRH) and the Center for Biologics Evaluation and Research (CBER), the guidance attempts to provide clarity on the difference between servicing and remanufacturing a medical device.
28 JUN 2021
US FDA Publishes Draft Guidance on Distinguishing Between Servicing And Remanufacturing Devices
The US Food and Drug Administration (FDA) published a draft guidance document, Remanufacturing of Medical Devices, on June 21. Issued jointly by the Center for Devices and Radiological Health (CDRH) and the Center for Biologics Evaluation and Research (CBER), the guidance attempts to provide clarity on the difference between servicing and remanufacturing a medical device.
Collaborative Campaign Supports People Living With HIV
MALAYSIAN AIDS Foundation (MAF), Karex Bhd and Hilton are collaborating on a campaign — the ONE® x Hilton for MAF. It is aimed at raising funds for MAF through the sale of special-edition One condoms by Karex. The money will go towards funding treatment, care and support for the underprivileged living with HIV (PLHIV).
28 JUN 2021
Collaborative Campaign Supports People Living With HIV
MALAYSIAN AIDS Foundation (MAF), Karex Bhd and Hilton are collaborating on a campaign — the ONE® x Hilton for MAF. It is aimed at raising funds for MAF through the sale of special-edition One condoms by Karex. The money will go towards funding treatment, care and support for the underprivileged living with HIV (PLHIV).
Rubberex Proposes 10% Private Placement to Fund New Production Lines
Rubberex Corp (M) Bhd has proposed a private placement of up to 83.23 million shares or 10% of its share capital to raise RM78.65 million. From the proceeds to be raised – based on an indicative issue price of 94.5 sen per placement share – some RM69.13 million will be used to acquire 28 double-formers nitrile disposable glove production lines as part of its expansion in Perak, the company said. Another RM9 million will be used for working capital.
21 JUN 2021
Rubberex Proposes 10% Private Placement to Fund New Production Lines
Rubberex Corp (M) Bhd has proposed a private placement of up to 83.23 million shares or 10% of its share capital to raise RM78.65 million. From the proceeds to be raised – based on an indicative issue price of 94.5 sen per placement share – some RM69.13 million will be used to acquire 28 double-formers nitrile disposable glove production lines as part of its expansion in Perak, the company said. Another RM9 million will be used for working capital.
PublicInvest Research Downgrades Rubber Glove Sector to 'Neutral', Cuts Earnings Forecasts by 10%-35% on Lower ASP Assumptions
PublicInvest Research has downgraded the rubber glove sector to "neutral" as it expects average selling prices (ASPs) for the sector to decline gradually in the second half of the year (2H21), following the improving Covid-19 situation in both the largest glove consuming markets, the US and the European Union (EU). Its analyst Chua Siu Li in a note today cut her earnings forecasts for the sector by 10% to 35% on the back of lower ASP assumptions.
21 JUN 2021
PublicInvest Research Downgrades Rubber Glove Sector to 'Neutral', Cuts Earnings Forecasts by 10%-35% on Lower ASP Assumptions
PublicInvest Research has downgraded the rubber glove sector to "neutral" as it expects average selling prices (ASPs) for the sector to decline gradually in the second half of the year (2H21), following the improving Covid-19 situation in both the largest glove consuming markets, the US and the European Union (EU). Its analyst Chua Siu Li in a note today cut her earnings forecasts for the sector by 10% to 35% on the back of lower ASP assumptions.
Malaysia's Natural Rubber Production Down by a Third in April
The production of natural rubber decreased by 33.5 per cent year-on-year (YoY) to 23, 013 tonnes in April 2021 compared to 34, 616 tonnes in April 2020, the Department of Statistics Malaysia (DoSM) said. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said this was due to the seasonal factor -- wintering period -- which causes the tree to be less productive. He said month-on-month (MoM), the production of natural rubber fell by 36.2 per cent.
15 JUN 2021
Malaysia's Natural Rubber Production Down by a Third in April
The production of natural rubber decreased by 33.5 per cent year-on-year (YoY) to 23, 013 tonnes in April 2021 compared to 34, 616 tonnes in April 2020, the Department of Statistics Malaysia (DoSM) said. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said this was due to the seasonal factor -- wintering period -- which causes the tree to be less productive. He said month-on-month (MoM), the production of natural rubber fell by 36.2 per cent.
Labour Supply Disruptions Widen Opportunities for Property Players to Enter Glove
Sustained demand and supply disruptions stemming from alleged labour compliance have attracted a pool of property developers venturing into the now highly profitable glove business.
14 JUN 2021
Labour Supply Disruptions Widen Opportunities for Property Players to Enter Glove
Sustained demand and supply disruptions stemming from alleged labour compliance have attracted a pool of property developers venturing into the now highly profitable glove business.
Top Glove May Post Flat Earnings Growth for 3Q — Analysts
After recording rapid profit growth in the past few quarters, Top Glove Corporation Bhd's earnings could have peaked in the March-May quarter but would start declining thereafter amid lower glove prices, said analysts. Rakuten Trade Research's head of equity sales Vincent Lau said it is also possible that the world's biggest rubber glove maker may report flat earnings growth for the third quarter ended May 31, 2021 (3QFY21) compared with the preceding quarter.
09 JUN 2021
Top Glove May Post Flat Earnings Growth for 3Q — Analysts
After recording rapid profit growth in the past few quarters, Top Glove Corporation Bhd's earnings could have peaked in the March-May quarter but would start declining thereafter amid lower glove prices, said analysts. Rakuten Trade Research's head of equity sales Vincent Lau said it is also possible that the world's biggest rubber glove maker may report flat earnings growth for the third quarter ended May 31, 2021 (3QFY21) compared with the preceding quarter.
Johan Gets Going with Glove Venture
While there is scepticism over the viability of new players entering rubber glove manufacturing, Johan Holdings Bhd reckons it has a strategy to make a success out of the business. This includes, among others, building a new state-of-the-art facility that complies with all environment, social and governance (ESG) issues and using the latest technology which not only reduces the labour headcount but also enables it to achieve economies of scale to reduce production costs.
05 JUN 2021
Johan Gets Going with Glove Venture
While there is scepticism over the viability of new players entering rubber glove manufacturing, Johan Holdings Bhd reckons it has a strategy to make a success out of the business. This includes, among others, building a new state-of-the-art facility that complies with all environment, social and governance (ESG) issues and using the latest technology which not only reduces the labour headcount but also enables it to achieve economies of scale to reduce production costs.
Malaysia’s Rubber Glove Tycoons Ride Skyrocketing Demand For Protective Gear
Malaysia is a powerhouse in the $28 billion global rubber glove industry, producing nearly two-thirds of the world’s supply—and prices have tripled this year due to a global shortfall of 80 billion rubber gloves. U.S. buyers, meanwhile, are shifting purchasing to Malaysia from China, allowing the industry to double glove exports last year to 35.3 billion ringgit ($8.8 billion). All this boosted the fortunes of five founders of Malaysia’s glove companies—even though their stocks have come off last year’s highs as countries roll out vaccines.
02 JUN 2021
Malaysia’s Rubber Glove Tycoons Ride Skyrocketing Demand For Protective Gear
Malaysia is a powerhouse in the $28 billion global rubber glove industry, producing nearly two-thirds of the world’s supply—and prices have tripled this year due to a global shortfall of 80 billion rubber gloves. U.S. buyers, meanwhile, are shifting purchasing to Malaysia from China, allowing the industry to double glove exports last year to 35.3 billion ringgit ($8.8 billion). All this boosted the fortunes of five founders of Malaysia’s glove companies—even though their stocks have come off last year’s highs as countries roll out vaccines.
Rubber Gloves to Maintain Double-Digit Growth
The global demand for rubber gloves is projected to maintain a double-digit growth of between 12% and 15%, backed by the persisted healthcare demand amid the rolling out of the Covid-19 vaccines, said Malaysian Rubber Council (MRC). MRC CEO Nurul Islam Mohamed Yusoff said the expectations remain high as Malaysia’s export of rubber products continued to chart an upward trajectory since the beginning of the year.
31 MAY 2021
Rubber Gloves to Maintain Double-Digit Growth
The global demand for rubber gloves is projected to maintain a double-digit growth of between 12% and 15%, backed by the persisted healthcare demand amid the rolling out of the Covid-19 vaccines, said Malaysian Rubber Council (MRC). MRC CEO Nurul Islam Mohamed Yusoff said the expectations remain high as Malaysia’s export of rubber products continued to chart an upward trajectory since the beginning of the year.
Mah Sing Set to Enter Overseas Glove Markets
Mah Sing Healthcare Sdn Bhd, the wholly-owned subsidiary of property developer Mah Sing Group Bhd, has received its business licence and other relevant licences and permits to export gloves from its factory in Kapar, Klang. The developer said the first shipment of gloves is expected to be delivered by May or June 2021.
25 MAY 2021
Mah Sing Set to Enter Overseas Glove Markets
Mah Sing Healthcare Sdn Bhd, the wholly-owned subsidiary of property developer Mah Sing Group Bhd, has received its business licence and other relevant licences and permits to export gloves from its factory in Kapar, Klang. The developer said the first shipment of gloves is expected to be delivered by May or June 2021.
Comfort Gloves to Ramp Up Production to 25.2 Billion Pieces a Year
Comfort Gloves Bhd (CGB) plans to dismantle 20 dipping lines and rebuild 22 new dipping lines at its facilities, which are capable of producing 3.9 billion gloves per annum, up 57% from the group’s existing capacity of 6.8 billion gloves. The group also plans to build a production facility in Bemban, Batu Gajah, Perak, which when completed will be capable of producing up to 14.5 billion gloves per annum.
24 MAY 2021
Comfort Gloves to Ramp Up Production to 25.2 Billion Pieces a Year
Comfort Gloves Bhd (CGB) plans to dismantle 20 dipping lines and rebuild 22 new dipping lines at its facilities, which are capable of producing 3.9 billion gloves per annum, up 57% from the group’s existing capacity of 6.8 billion gloves. The group also plans to build a production facility in Bemban, Batu Gajah, Perak, which when completed will be capable of producing up to 14.5 billion gloves per annum.
Top Glove hopes to resolve U.S. seizure of its rubber gloves
Malaysia's Top Glove Corp., the world's largest rubber glove maker, said Wednesday it hopes to swiftly end a U.S. ban on its products due to allegations of forced labor after one of its shipment was seized at a U.S. port. U.S. Customs and Border Protection said Tuesday it had seized a shipment of 3.97 million nitrile disposable gloves from Top Glove worth an estimated $518,000 at Cleveland port, Ohio.
05 MAY 2021
Top Glove hopes to resolve U.S. seizure of its rubber gloves
Malaysia's Top Glove Corp., the world's largest rubber glove maker, said Wednesday it hopes to swiftly end a U.S. ban on its products due to allegations of forced labor after one of its shipment was seized at a U.S. port. U.S. Customs and Border Protection said Tuesday it had seized a shipment of 3.97 million nitrile disposable gloves from Top Glove worth an estimated $518,000 at Cleveland port, Ohio.
The Rubber Glove Bandwagon
Driven by the Covid-19 pandemic, numerous new players in the country are getting into glove manufacturing. Many of these are by public companies whose announcements have attracted a fair bit of investor interest, considering the bumper profits the large players have been reporting since last year. The question is, will they be able to churn out those dream profits? Or will they fall on the wayside as increased capacities catch up with the demand and nudge the average selling prices (ASPs) down?
01 MAY 2021
The Rubber Glove Bandwagon
Driven by the Covid-19 pandemic, numerous new players in the country are getting into glove manufacturing. Many of these are by public companies whose announcements have attracted a fair bit of investor interest, considering the bumper profits the large players have been reporting since last year. The question is, will they be able to churn out those dream profits? Or will they fall on the wayside as increased capacities catch up with the demand and nudge the average selling prices (ASPs) down?
ecoWise Fully Disposes stake in Saiko Rubber (Malaysia) for $5.8 mil
ecoWise Holdings has disposed of its 51% stake in Saiko Rubber (Malaysia) for a consideration of RM18 million ($5.8 million). The sale and purchase agreement was entered into by ecoWise’s subsidiary Sunrich Integrated and Kasan Corporation for the sale of 357,000 ordinary shares in Saiko. Prior to the disposal, ecoWise owned 51% in Saiko while the remaining 49% was owned by Kato Sansho.
28 APR 2021
ecoWise Fully Disposes stake in Saiko Rubber (Malaysia) for $5.8 mil
ecoWise Holdings has disposed of its 51% stake in Saiko Rubber (Malaysia) for a consideration of RM18 million ($5.8 million). The sale and purchase agreement was entered into by ecoWise’s subsidiary Sunrich Integrated and Kasan Corporation for the sale of 357,000 ordinary shares in Saiko. Prior to the disposal, ecoWise owned 51% in Saiko while the remaining 49% was owned by Kato Sansho.
PM Muhyiddin Announces RM69.9m Monsoon Aid for Rubber Smallholder, Tappers
The government has allocated RM69.9 million as Monsoon Aid (BMT) this year as a continuous effort to ensure the wellbeing of rubber smallholders and tappers in the country. Prime Minister Tan Sri Muhyiddin Yassin said the aid would benefit 232,319 rubber smallholders and tappers as they would each receive RM600 which to be paid in two installments, namely in December 2021 and January 2022.
27 APR 2021
PM Muhyiddin Announces RM69.9m Monsoon Aid for Rubber Smallholder, Tappers
The government has allocated RM69.9 million as Monsoon Aid (BMT) this year as a continuous effort to ensure the wellbeing of rubber smallholders and tappers in the country. Prime Minister Tan Sri Muhyiddin Yassin said the aid would benefit 232,319 rubber smallholders and tappers as they would each receive RM600 which to be paid in two installments, namely in December 2021 and January 2022.
European Commission offers new guidance on medical device standards development
The European Commission’s Medical Device Coordinating Group (MDCG) has issued new guidance explaining the role of safety and performance standards under current Medical Device Directives as well as the upcoming Medical Devices Regulation (MDR) and In-vitro Medical Devices Directive (IVDR).
21 APR 2021
European Commission offers new guidance on medical device standards development
The European Commission’s Medical Device Coordinating Group (MDCG) has issued new guidance explaining the role of safety and performance standards under current Medical Device Directives as well as the upcoming Medical Devices Regulation (MDR) and In-vitro Medical Devices Directive (IVDR).
Kedah Rubber City attracted over RM2.2b investments amid Covid-19 pandemic, says MB
Kedah Rubber City (KRC) has attracted over RM2.2 billion committed investments in advanced latex product development, production of feedstock, manufacturing, storage warehousing and logistics despite the ongoing Covid-19 pandemic. In a statement today, Kedah Menteri Besar Muhammad Sanusi Md Nor said KRC is an attractive destination for businesses in the medical devices sector, particularly for medical glove manufacturers to expand their operations.
19 APR 2021
Kedah Rubber City attracted over RM2.2b investments amid Covid-19 pandemic, says MB
Kedah Rubber City (KRC) has attracted over RM2.2 billion committed investments in advanced latex product development, production of feedstock, manufacturing, storage warehousing and logistics despite the ongoing Covid-19 pandemic. In a statement today, Kedah Menteri Besar Muhammad Sanusi Md Nor said KRC is an attractive destination for businesses in the medical devices sector, particularly for medical glove manufacturers to expand their operations.
Is Rubber the Next Shortage Threatening the Auto Industry?
After hybrid and EV batteries, semiconductors, select metals and even seat foam, the auto industry could rapidly be facing a shortage of tires. Global rubber supplies are running critically short, some analysts warn. Demand for rubber gloves and packaging tape has increased significantly during the pandemic, and supply has also been depleted by drought, floods and a leaf disease in the top-producing countries such as Thailand and Vietnam.
13 APR 2021
Is Rubber the Next Shortage Threatening the Auto Industry?
After hybrid and EV batteries, semiconductors, select metals and even seat foam, the auto industry could rapidly be facing a shortage of tires. Global rubber supplies are running critically short, some analysts warn. Demand for rubber gloves and packaging tape has increased significantly during the pandemic, and supply has also been depleted by drought, floods and a leaf disease in the top-producing countries such as Thailand and Vietnam.
Kossan Rubber is Air Selangor's First Recycled Water Client
Kossan Rubber Industries Berhad (Kossan) is the first client to be supplied with recycled water from treated effluents by Pengurusan Air Sdn Bhd (Air Selangor) for industrial use. Air Selangor and Indah Water Konsortium Sdn Bhd (IWK), in a joint statement, said the reclaimed water for industrial use not linked to food and drinks was produced by Central Water Reclamation Sdn Bhd (Central Water), whereby Air Selangor held a 60% share and IWK held the balance of 40%.
10 APR 2021
Kossan Rubber is Air Selangor's First Recycled Water Client
Kossan Rubber Industries Berhad (Kossan) is the first client to be supplied with recycled water from treated effluents by Pengurusan Air Sdn Bhd (Air Selangor) for industrial use. Air Selangor and Indah Water Konsortium Sdn Bhd (IWK), in a joint statement, said the reclaimed water for industrial use not linked to food and drinks was produced by Central Water Reclamation Sdn Bhd (Central Water), whereby Air Selangor held a 60% share and IWK held the balance of 40%.
Construction of Rubber Glove Hub to Start in June
The construction of the rubber gloves and personal protective equipment (PPE) hub by the World Gloves International Group City and Hub Development Sdn Bhd (WGC) is set to begin this June. To be located in the Gebeng industrial area, the hub will be constructed on a piece of land spanning 128.2 hectares, involving an investment of RM100 million, said Pahang State Development Corporation (PKNP) chief executive officer (CEO) Mohd Faizal Jaafar.
06 APR 2021
Construction of Rubber Glove Hub to Start in June
The construction of the rubber gloves and personal protective equipment (PPE) hub by the World Gloves International Group City and Hub Development Sdn Bhd (WGC) is set to begin this June. To be located in the Gebeng industrial area, the hub will be constructed on a piece of land spanning 128.2 hectares, involving an investment of RM100 million, said Pahang State Development Corporation (PKNP) chief executive officer (CEO) Mohd Faizal Jaafar.
US FDA Emergency Use Authorization (EUA) Routes for Medical Devices: Updated Overview
The US Food and Drug Administration (FDA) has 26 active guidance documents related to special recommendations for medical devices during the COVID-19-associated public health emergency. Medical device types covered include personal protective equipment (gloves, masks, etc.), certain remote assessment and monitoring devices, ventilators, sterilizers, disinfectants, infusion pumps, thermometers and telethermographic systems, digital health devices for treating psychiatric disorders, and diagnostic tests for COVID-19.
05 APR 2021
US FDA Emergency Use Authorization (EUA) Routes for Medical Devices: Updated Overview
The US Food and Drug Administration (FDA) has 26 active guidance documents related to special recommendations for medical devices during the COVID-19-associated public health emergency. Medical device types covered include personal protective equipment (gloves, masks, etc.), certain remote assessment and monitoring devices, ventilators, sterilizers, disinfectants, infusion pumps, thermometers and telethermographic systems, digital health devices for treating psychiatric disorders, and diagnostic tests for COVID-19.
Cover Story: The Slow and Steady Route to Digital Transformation
The push towards advanced technologies has been a key theme in the Malaysian corporate sector, even before the Covid19 pandemic came along and turned it into a necessity. And this is even more apparent in the rubber glove industry, which has seen a surge in business stemming from increased global demand because of the pandemic.
29 MAR 2021
Cover Story: The Slow and Steady Route to Digital Transformation
The push towards advanced technologies has been a key theme in the Malaysian corporate sector, even before the Covid19 pandemic came along and turned it into a necessity. And this is even more apparent in the rubber glove industry, which has seen a surge in business stemming from increased global demand because of the pandemic.
George Kent to Enter Rubber Glove Business with RM40m Investment in Johan Unit
George Kent (Malaysia) Bhd said it has been invited by Johan Holdings Bhd to buy a 40% stake in the latter's subsidiary, Dynacare Sdn Bhd, for RM40 million. George Kent and Johan share the same major shareholder — Tan Sri Tan Kay Hock. In a bourse filing, George Kent said Dynacare will work on constructing a manufacturing plant to make gloves for two years, with a global contract sum of RM624.1 million.
29 MAR 2021
George Kent to Enter Rubber Glove Business with RM40m Investment in Johan Unit
George Kent (Malaysia) Bhd said it has been invited by Johan Holdings Bhd to buy a 40% stake in the latter's subsidiary, Dynacare Sdn Bhd, for RM40 million. George Kent and Johan share the same major shareholder — Tan Sri Tan Kay Hock. In a bourse filing, George Kent said Dynacare will work on constructing a manufacturing plant to make gloves for two years, with a global contract sum of RM624.1 million.
PDZ and PNE PCB Latest Companies to Jump on Rubber Glove Bandwagon
PDZ Holdings Bhd has proposed to diversify its business operations into the manufacture, sale and marketing of gloves in an effort to turn around its financial performance. PDZ intends to acquire, install and commission up to four double former glove-dipping lines, which are expected to yield a production capacity of up to 829 million pieces of gloves annually. The glove business is anticipated to contribute 25% or more of the net assets and/or net profits of the group, and will be undertaken by Erat Marine Sdn Bhd, a wholly owned subsidiary of the company.
24 MAR 2021
PDZ and PNE PCB Latest Companies to Jump on Rubber Glove Bandwagon
PDZ Holdings Bhd has proposed to diversify its business operations into the manufacture, sale and marketing of gloves in an effort to turn around its financial performance. PDZ intends to acquire, install and commission up to four double former glove-dipping lines, which are expected to yield a production capacity of up to 829 million pieces of gloves annually. The glove business is anticipated to contribute 25% or more of the net assets and/or net profits of the group, and will be undertaken by Erat Marine Sdn Bhd, a wholly owned subsidiary of the company.
Partnership that Will Fit Like a Glove
Pegasus Heights Bhd (PHB) is confident about its proposed joint venture (JV) with glove maker WRP Asia Pacific Sdn Bhd. This is given the high global glove demand and WRP’s vast experience as well as resources in the industry. “Unlike other companies which are embarking as new players in the rubber glove industry, a JV with WRP will ensure that we have a partner that has been in the business for more than 20 years with significant infrastructure in place, ” the group told StarBiz in an email.
22 MAR 2021
Partnership that Will Fit Like a Glove
Pegasus Heights Bhd (PHB) is confident about its proposed joint venture (JV) with glove maker WRP Asia Pacific Sdn Bhd. This is given the high global glove demand and WRP’s vast experience as well as resources in the industry. “Unlike other companies which are embarking as new players in the rubber glove industry, a JV with WRP will ensure that we have a partner that has been in the business for more than 20 years with significant infrastructure in place, ” the group told StarBiz in an email.
Karex Earnings To Recover on OBM, Glove Business
KAREX Bhd’s earnings are expected to improve going forward, driven by sales shifting back to the lucrative own-brand manufacturing (OBM) channel and its new glove manufacturing business. Hong Leong Investment Bank Bhd (HLIB) is confident of Karex’s prospect ahead as Karex claimed condom prices have nearly recovered fully after falling by about 30% to 40% since financial year 2017 (FY17).
17 MAR 2021
Karex Earnings To Recover on OBM, Glove Business
KAREX Bhd’s earnings are expected to improve going forward, driven by sales shifting back to the lucrative own-brand manufacturing (OBM) channel and its new glove manufacturing business. Hong Leong Investment Bank Bhd (HLIB) is confident of Karex’s prospect ahead as Karex claimed condom prices have nearly recovered fully after falling by about 30% to 40% since financial year 2017 (FY17).
NR Latex Prices ‘Substantially Higher’ as Gloves Demand Surges
An acute short supply, high demand from the glove manufacturing industry, and issues associated with the supply of nitrile have made NR latex prices substantially high, particularly in the second half of February, according to the Association of Natural Rubber Producing Countries (ANRPC). Latex rubber supply was ‘abnormally low’ during the month of February, due to high demand from the rubber gloves industry, said a 4 March market intelligence report by ANRPC.
15 MAR 2021
NR Latex Prices ‘Substantially Higher’ as Gloves Demand Surges
An acute short supply, high demand from the glove manufacturing industry, and issues associated with the supply of nitrile have made NR latex prices substantially high, particularly in the second half of February, according to the Association of Natural Rubber Producing Countries (ANRPC). Latex rubber supply was ‘abnormally low’ during the month of February, due to high demand from the rubber gloves industry, said a 4 March market intelligence report by ANRPC.
Malaysia's Top Glove Posts Record Profit in Q2
Malaysia’s Top Glove Corp Bhd posted a record profit in the second quarter of the financial year, as continued demand for gloves globally boosted sales, the company said on Tuesday. Profits soared to 2.87 billion ringgit ($695.93 million) in December-February from 115.7 million ringgit during the same period a year ago.
09 MAR 2021
Malaysia's Top Glove Posts Record Profit in Q2
Malaysia’s Top Glove Corp Bhd posted a record profit in the second quarter of the financial year, as continued demand for gloves globally boosted sales, the company said on Tuesday. Profits soared to 2.87 billion ringgit ($695.93 million) in December-February from 115.7 million ringgit during the same period a year ago.
NMPA Reports Detail Chinese Regulatory Activities in 2020
China’s National Medical Products Administration (NMPA) and its Center for Medical Device Evaluation (CMDE) recently published annual reports summarizing regulatory activities in 2020. Both of these reports reflect an active year, with regulatory bodies and medical device manufacturers scrambling to respond to the impact of the COVID-19 pandemic.
08 MAR 2021
NMPA Reports Detail Chinese Regulatory Activities in 2020
China’s National Medical Products Administration (NMPA) and its Center for Medical Device Evaluation (CMDE) recently published annual reports summarizing regulatory activities in 2020. Both of these reports reflect an active year, with regulatory bodies and medical device manufacturers scrambling to respond to the impact of the COVID-19 pandemic.
Malaysia’s Exports of Rubber Products Jump to Nearly RM41b in 2020
Malaysia’s rubber products surged to a record of RM40.96bil in 2020 due to the spike in exports of latex goods mainly medical devices such as gloves and catheters due to the Covid-19 pandemic.
03 MAR 2021
Malaysia’s Exports of Rubber Products Jump to Nearly RM41b in 2020
Malaysia’s rubber products surged to a record of RM40.96bil in 2020 due to the spike in exports of latex goods mainly medical devices such as gloves and catheters due to the Covid-19 pandemic.
UK Passes Post-Brexit Medical Device Regulatory Bill into Law
The cornerstone of the UK’s post-Brexit medical device regulatory system, the Medicines and Medical Devices Act 2021, received royal assent and passed into law on February 11, having been introduced in the House of Commons almost a year previously.
28 FEB 2021
UK Passes Post-Brexit Medical Device Regulatory Bill into Law
The cornerstone of the UK’s post-Brexit medical device regulatory system, the Medicines and Medical Devices Act 2021, received royal assent and passed into law on February 11, having been introduced in the House of Commons almost a year previously.
Govt to Continue Assisting Glove Industry
The government will continue to assist the manufacturing sector, especially the rubber glove industry to maintain Malaysia’s position as a main player in the supply of rubber gloves for the global health industry. Minister in the Prime Minister’s Department (special functions) Datuk Seri Mohd Redzuan Md Yusof said this was in line with Malaysia’s status as a major producer of rubber gloves globally with exports valued at RM2.9bil in October last year
24 FEB 2021
Govt to Continue Assisting Glove Industry
The government will continue to assist the manufacturing sector, especially the rubber glove industry to maintain Malaysia’s position as a main player in the supply of rubber gloves for the global health industry. Minister in the Prime Minister’s Department (special functions) Datuk Seri Mohd Redzuan Md Yusof said this was in line with Malaysia’s status as a major producer of rubber gloves globally with exports valued at RM2.9bil in October last year
AT Systematization Inks Agreement to Supply 30 Million Boxes of Nitrile Gloves
While there is a growing concern that the demand for rubber gloves will normalise sooner than later as vaccination continues globally, AT Systematization Bhd today inked an agreement with Kenteam Sdn Bhd (KSB) to manufacture and supply nitrile examination gloves. In a filing exchange, the group said its wholly owned subsidiary, AT Glove Engineering Sdn Bhd, has reached an agreement to supply 30 million boxes of nitrile examination gloves for a period of 12 months and allocate 10 production lines to KSB.
23 FEB 2021
AT Systematization Inks Agreement to Supply 30 Million Boxes of Nitrile Gloves
While there is a growing concern that the demand for rubber gloves will normalise sooner than later as vaccination continues globally, AT Systematization Bhd today inked an agreement with Kenteam Sdn Bhd (KSB) to manufacture and supply nitrile examination gloves. In a filing exchange, the group said its wholly owned subsidiary, AT Glove Engineering Sdn Bhd, has reached an agreement to supply 30 million boxes of nitrile examination gloves for a period of 12 months and allocate 10 production lines to KSB.
Kossan Declares 11 Sen Dividend as Fy20 Profit Hits Rm1.09b
Kossan Rubber Industries Bhd reported today a net profit of RM542.49 million for the fourth quarter ended Dec 31, 2020 (4QFY20), almost nine times the RM61 million it recorded in the corresponding quarter a year ago, thanks to higher volume of gloves sold and better average selling prices.The 4QFY20 net profit is up 56% from the RM348.74 million that Kossan made in 3QFY20, as revenue grew 27% from RM1.03 billion.
16 FEB 2021
Kossan Declares 11 Sen Dividend as Fy20 Profit Hits Rm1.09b
Kossan Rubber Industries Bhd reported today a net profit of RM542.49 million for the fourth quarter ended Dec 31, 2020 (4QFY20), almost nine times the RM61 million it recorded in the corresponding quarter a year ago, thanks to higher volume of gloves sold and better average selling prices.The 4QFY20 net profit is up 56% from the RM348.74 million that Kossan made in 3QFY20, as revenue grew 27% from RM1.03 billion.
Norwegian Language Requirement Will Apply Following MDR Implementation
The Norwegian Medicines Agency (NoMA) has added language (link in Norwegian) on its website regarding the requirement that medical device labeling and instructions for use (IFU) be printed in the Norwegian language in order to be legally marketed in in the country. The expanded notice confirms that the language requirement will still apply following the implementation of the EU Medical Devices Regulation (MDR) on May 26, 2021.
14 FEB 2021
Norwegian Language Requirement Will Apply Following MDR Implementation
The Norwegian Medicines Agency (NoMA) has added language (link in Norwegian) on its website regarding the requirement that medical device labeling and instructions for use (IFU) be printed in the Norwegian language in order to be legally marketed in in the country. The expanded notice confirms that the language requirement will still apply following the implementation of the EU Medical Devices Regulation (MDR) on May 26, 2021.
Riverstone Acquires More Land to Ramp Up Production for Cleanroom Gloves
A wholly-owned subsidiary of Riverstone Holdings has acquired a piece of industrial land in Malaysia for a total consideration of RM5 million (S$1.6 million) in a bid to expand the group's production capacity for cleanroom gloves and other operations. The land acquired by the subsidiary, Riverstone Resources, spans about 6,741 square metres, and is in the Bukit Beruntung industrial area in Selangor, Malaysia.
19 JAN 2021
Riverstone Acquires More Land to Ramp Up Production for Cleanroom Gloves
A wholly-owned subsidiary of Riverstone Holdings has acquired a piece of industrial land in Malaysia for a total consideration of RM5 million (S$1.6 million) in a bid to expand the group's production capacity for cleanroom gloves and other operations. The land acquired by the subsidiary, Riverstone Resources, spans about 6,741 square metres, and is in the Bukit Beruntung industrial area in Selangor, Malaysia.
Kossan's Gloves Orders Fully Taken Up Until End-2021
Kossan Rubber Industries Bhd continues to witness strong global glove demand owing to Covid-19 as the company's capacity has been fully taken up until end of 2021, said CSG-CIMB. Its analyst Walter AW said Kossan had also been receiving orders for the first quarter (Q1) of 2022 and fully filled up its allocation for spot orders, utilising up to 20 per cent of its total capacity, till end of 1Q of this year.
17 JAN 2021
Kossan's Gloves Orders Fully Taken Up Until End-2021
Kossan Rubber Industries Bhd continues to witness strong global glove demand owing to Covid-19 as the company's capacity has been fully taken up until end of 2021, said CSG-CIMB. Its analyst Walter AW said Kossan had also been receiving orders for the first quarter (Q1) of 2022 and fully filled up its allocation for spot orders, utilising up to 20 per cent of its total capacity, till end of 1Q of this year.
Aspen Secures US$100m Glove Sales Contract
Aspen (Group) Holdings Ltd, which is diversifying from property into glove making, has secured a glove sales and distribution contract worth US$100 million. In a statement today, Aspen said its subsidiary Aspen Glove Sdn Bhd (AGSB) had entered into a sales and distribution agreement with a distributor for the offtake of its entire 2021 production.
13 JAN 2021
Aspen Secures US$100m Glove Sales Contract
Aspen (Group) Holdings Ltd, which is diversifying from property into glove making, has secured a glove sales and distribution contract worth US$100 million. In a statement today, Aspen said its subsidiary Aspen Glove Sdn Bhd (AGSB) had entered into a sales and distribution agreement with a distributor for the offtake of its entire 2021 production.
INIX-L&S Gloves to Double Production Capacity
ACE Market-listed INIX Technologies Holdings Bhd and L&S Gloves Sdn Bhd will start commissioning an additional two latex glove production lines by February to complement the existing two lines which are in production.INIX executive director Siva Kumar Kalugasalam said the company’s wholly owned subsidiary, INIX Glove Manufacturing Sdn Bhd (iNix Glove), has signed a 10-year lease agreement (renewable for another 10 years) for a 0.91ha glove factory site in Beranang, Selangor.
11 JAN 2021
INIX-L&S Gloves to Double Production Capacity
ACE Market-listed INIX Technologies Holdings Bhd and L&S Gloves Sdn Bhd will start commissioning an additional two latex glove production lines by February to complement the existing two lines which are in production.INIX executive director Siva Kumar Kalugasalam said the company’s wholly owned subsidiary, INIX Glove Manufacturing Sdn Bhd (iNix Glove), has signed a 10-year lease agreement (renewable for another 10 years) for a 0.91ha glove factory site in Beranang, Selangor.
Tapping demand for medical devices
The growing global medical-grade silicone rubber market is providing fresh opportunities for rubber medical component manufacturers to expand. Silcotech Industry Sdn Bhd, a rubber component producer based in Sungai Petani, Kedah, is one of the companies looking to leverage this surge in demand. “Three years ago, we ventured into the production of rubber medical parts, a diversification from our core business which was supplying silicone components to the consumer electronics industry.
02 JAN 2021
Tapping demand for medical devices
The growing global medical-grade silicone rubber market is providing fresh opportunities for rubber medical component manufacturers to expand. Silcotech Industry Sdn Bhd, a rubber component producer based in Sungai Petani, Kedah, is one of the companies looking to leverage this surge in demand. “Three years ago, we ventured into the production of rubber medical parts, a diversification from our core business which was supplying silicone components to the consumer electronics industry.
Glove makers in for a good run this year
Glove makers are set to continue recording stronger earnings in 2021, on the back of higher average selling prices, increase in production capacity and better economies of scale. An analyst with a local bank-backed brokerage said demand for rubber gloves will continue to be strong next year, mainly due to the impact of the Covid-19 pandemic and distribution of the vaccine across the globe.
02 JAN 2021
Glove makers in for a good run this year
Glove makers are set to continue recording stronger earnings in 2021, on the back of higher average selling prices, increase in production capacity and better economies of scale. An analyst with a local bank-backed brokerage said demand for rubber gloves will continue to be strong next year, mainly due to the impact of the Covid-19 pandemic and distribution of the vaccine across the globe.