About Exports were worth an estimated RM The global rubber glove industry is expected to maintain strong annual growth of 8 to 10 percent over the coming years, including demand for an estimated 55 billion additional gloves over the next five years, primarily driven by increasing consumption in emerging markets. Malaysia could be the largest beneficiary of this increasing demand, as export revenue from rubber gloves is projected to reach RM As with many other Southeast Asian nations, Malaysia is flush with natural resources.
Malaysia has developed a manufacturing sector that can leverage its resources to form a comparative advantage, giving rubber glove manufacturing a cohesive national ecosystem. In total, there are rubber glove factories in Malaysia, 60 of which are located in the wealthy province Selangor, while Perak has 18, Negri Sembilan 10, Penang six, Malacca seven, Johor and Kedah two each, and Kelantan one.
The rubber industry is one of 12 National Key Economic Area sectors — promoted industries to help Malaysia reach high-income status.
Business Analysis Project Rubber Glove Manufacturer in Malaysia
Entry Point Project 9. To accomplish this, the government offers special support, such as reduced gas prices and tax breaks.
The former is particularly significant, given that the cost of gas generally represents percent of total costs for rubber glove manufacturers. Rubber glove manufacturing is designated as a promoted activity under the Promotion of Investment Actmeaning foreign investors are allowed percent equity and can acquire tax incentives such as Pioneer Status and Investment Tax Allowance. The use of rubber gloves in the healthcare and foodservice industries gives the product a consistent market.
Particularly in developed countries, the use of rubber gloves for certain activities is mandated by law. Glove consumption per capita in Asia is a low 11 pieces per person per year, compared to the worldwide average of 50 pieces per person per year and about pieces in developed markets like the US and EU.
This is particularly the case for China, which has a rapidly aging population that will demand significant healthcare in the near future. China consumes only three pairs of gloves per person per year, while India — another huge potential growth market — consumes just two pairs per year, indicating enormous room for growth in these countries.
Latex powdered gloves are more frequently used in developing countries, while the more resilient nitrile is favored in advanced economies. As glove use becomes more widespread in developing countries, latex will be the initial beneficiary, though in the long term, nitrile will likely become more popular in these markets. Beyond these two main categories, some companies are experimenting with more customized and experimental products, such as multi-colored gloves and gloves with more than one texture, to innovate and create new markets.
As an industry highly reliant on natural resources — namely rubber and to a lesser extent oil and gas — the costs for producing rubber gloves and their ultimate selling price can be unpredictable.Harvard Case Studies. In most courses studied at Harvard Business schools, students are provided with a case study. Major HBR cases concerns on a whole industry, a whole organization or some part of organization; profitable or non-profitable organizations.
To make a detailed case analysis, student should follow these steps:. Case study method guide is provided to students which determine the aspects of problem needed to be considered while analyzing a case study. It is very important to have a thorough reading and understanding of guidelines provided. However, poor guide reading will lead to misunderstanding of case and failure of analyses.
It is recommended to read guidelines before and after reading the case to understand what is asked and how the questions are to be answered. Therefore, in-depth understanding f case guidelines is very important. To have a complete understanding of the case, one should focus on case reading.Top Glove #SENHENGPLC Interview 2019
It is said that case should be read two times. Initially, fast reading without taking notes and underlines should be done. Initial reading is to get a rough idea of what information is provided for the analyses.
Then, a very careful reading should be done at second time reading of the case. This time, highlighting the important point and mark the necessary information provided in the case. In addition, the quantitative data in case, and its relations with other quantitative or qualitative variables should be given more importance. Also, manipulating different data and combining with other information available will give a new insight.
However, all of the information provided is not reliable and relevant.
Body Glove SWOT Analysis, Competitors & USP
When having a fast reading, following points should be noted:. When reading the case for second time, following points should be considered:. After reading the case and guidelines thoroughly, reader should go forward and start the analyses of the case. To make an appropriate case analyses, firstly, reader should mark the important problems that are happening in the organization.
There may be multiple problems that can be faced by any organization. Secondly, after identifying problems in the company, identify the most concerned and important problem that needed to be focused. Firstly, the introduction is written. After having a clear idea of what is defined in the case, we deliver it to the reader.
It is better to start the introduction from any historical or social context. The challenging diagnosis for Top Glove Company and the management of information is needed to be provided.
However, introduction should not be longer than lines in a paragraph. As the most important objective is to convey the most important message for to the reader. After introduction, problem statement is defined. However, the problem should be concisely define in no more than a paragraph. After defining the problems and constraints, analysis of the case study is begin. SWOT analysis helps the business to identify its strengths and weaknesses, as well as understanding of opportunity that can be availed and the threat that the company is facing.
In addition, it also identifies the weaknesses of the organization that will help to be eliminated and manage the threats that would catch the attention of the management. This strategy helps the company to make any strategy that would differentiate the company from competitors, so that the organization can compete successfully in the industry.
The strengths and weaknesses are obtained from internal organization. Whereas, the opportunities and threats are generally related from external environment of organization. Moreover, it is also called Internal-External Analysis. In the strengths, management should identify the following points exists in the organization:.Download PDF Leaflet.
Top Glove Corporation Bhd. The company also engages in producing and selling latex concentrate, as well as trades in machinery. The company was founded in and is based in Klang, Malaysia. Key facts 1. Financial Performance 1. Key Executives 1. Ownership and Major Holders 1.
Company History. Business Description 2. Major Products and Services 2. Markets and Sales Activities 2. Locations, Subsidiaries, Operating Units. Financial Statements 4. Income Statement 4. Balance Sheet 4. Cash Flow 4. Financial Ratios 4. Profitability 4. Margin Analysis 4. Asset Turnover 4. Credit Ratios 4. Long-Term Solvency 4. Growth Over Prior Year 4. Financial Ratios Charts 4.Rubber gloves are used by several industries, ranging from healthcare to food processing and services, automotive to construction and chemical industries, these are mainly used for protective purposes while performing different tasks.
In the past decade, there has been an increase in the use of these gloves primarily for the ageing population, change in healthcare reforms, the emergence of new healthcare threats and clean room manufacturing, which has led to a steady growth in the industry. Similarly, the global rubber gloves market is expected to reach a total market size of USD 3. Source: Research and Markets.
The worldwide growth in the healthcare industry is one of the key drivers for the rubber gloves industry. A rising consciousness and standard for hygiene, progressively stringent health regulations, prevention of chemical infections, etc. Rubber gloves can be categorised into two main types with their advantages and disadvantages, which is natural or latex rubber gloves and synthetic or nitrile rubber gloves.
Natural or latex rubber gloves are traditional gloves made out of the natural rubber, whereas synthetic gloves nitrile gloves, vinyl gloves, etc. In the last few years, the global demand for synthetic rubber gloves has increased steadily. The principal reason behind this was the latex allergy.
Although, latex gloves have excellent fit and feel, these are potentially allergic in nature. Further, mostly the professionals in healthcare and food industry were affected as these primarily use rubber gloves for their work.
Hence, the percentage of people vulnerable to the allergy drove the demand for synthetic rubber gloves. Additionally, the US FDA Food and Drug Administration recently announced a proposed ban on the powdered medical gloves owing to its harmful side effects. The powdered medical gloves provide ease of wearing due to powder, but instead of benefiting this tended to adversely affect users with allergy.
The country has rich natural rubber resources 3 rd largest producer of natural rubber in the world. Top Glove is the biggest rubber glove manufacturer in the world. But in the past few years, the manufacturing companies in Malaysia are struggling to retain their profit margins despite an increase in demand for gloves.
Televisory analysed the top 5 companies; Top Glove, Hartalega, Kossan, Careplus and Riverstone to explore the reasons for the diminishing margins. In the last five years, all the 5 companies increased their capacity in order to meet the rising global demand. The firms pushed back capacity expansion plans to bring in capacity at a more gradual pace. This was done for a better tracking of demand growth, avoidance of oversupply situation and price competition.
An increase in global demand, especially for synthetic rubber gloves triggered a structural shift in production mix from natural gloves to synthetic rubber gloves. All these firms reported a growth in their revenues, this was in line with the increased production and sales volume owing to the global demand.
However, intense competition among glove players played a significant role in average selling price ASP.The company's products include nitrile gloves, vinyl gloves, latex gloves, surgical gloves, clean room gloves, household gloves, polyisoprene gloves, and cast polyethylene gloves.
It also provides thermo-plastic elastomer gloves, industrial or long length high risk gloves, dual colour nitrile glove, nitrile examination glove, kids nitrile glove, double donning surgical glove, and thermo formed film packed surgical gloves, among others.
Top Glove offers its products beauty, food, aerospace, automotive, laboratory, healthcare, home care, and semiconductor sectors. Top Glove is headquartered in Shah Alam, Malaysia.
This comprehensive SWOT profile of Top Glove Corporation Berhad provides you an in-depth strategic analysis of the company's businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company's key strengths and weaknesses and the potential opportunities and threats.
The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better. Once purchased, GlobalData's highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Top Glove Corporation Berhad including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days.
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Product that keeps divers and surfers dry and protects them from the impact of violent waves and sharp coral. Strengths are:. Leading water-sports brand in the world by providing innovative, high quality products that protect water people and enhance their lives. Planning brand extension in market of tablets like tablet cases with handles, tablet protectors, tablet sleeves. People are unaware of new products available under the main brand as advertising is not very prominent 2.
Limited market segment as it caters only to primarily coastal areas and tourist destinations. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Browse marketing analysis of more brands and companies similar to Body Glove.
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Follow us on. Strengths are: 1. Leading water-sports brand in the world by providing innovative, high quality products that protect water people and enhance their lives 4.
Planning brand extension in market of tablets like tablet cases with handles, tablet protectors, tablet sleeves 5. Products are well manufactured with highly functional 6.Invalid Name.
Invalid Email. Invalid contact no. Invalid Security Code. Industrial gloves are protective wear that protect the skin from heat, sharp metals, and harmful environments. They are designed to provide comfort to the wearer and do not obstruct the efficiency and competence of the wearer.
They find their application in manufacturing plants, assembling plants, chemical plants, and medical institutions where they provide protection from heat, corrosive substances, and sharp objects. Safety rules and regulations at workplaces, increase in demand for superior performance and comfort and growing healthcare and food processing industries is anticipated to drive the growth of the industrial gloves market.
North America has the presence of a lot of end-use industries. The government of this region has stringent regulations regarding the safety of labor and working individuals.
If any irregularities are found then the employer is charged with heavy penalties, and it also creates bad image for the company among consumers and in the market. These kinds of stringent regulations laid down by the governments of the developed countriessuch as the U.
In addition, workers also make sure that they use the gloves in all work-related operations and demand better performance and comfort. These gloves are cut resistant, have long working life and offer a firm grip.
These factors are anticipated to surge the demand for industrial gloves across these developed regions. Furthermore, the demand for disposable gloves has surged from healthcare sector owing to seasonal factors such as prevalence of viral outbreaks and infectious diseases.
Rise in awareness regarding health and safety measures associated with patient treatment and emergency response incidents has played a key role in driving the demand for disposable gloves in the healthcare industry. In addition, risks associated with the on-the-job transmission of germs and blood borne pathogens are expected to increase the demand for disposable gloves in the medical and healthcare facilities.
Top Glove Company Case Study Solution & Analysis
Increase in awareness toward disease prevention and consumer well-being in the healthcare sector is expected to drive the growth of the market during the forecast period.
Moreover, gloves are used frequently in the food industry, especially when workers are preparing food. Gloves provide barrier between dangerous pathogens and the food the worker is preparing. Wearing gloves is important when preparing food that will not go through a cooking step before it reaches the customer. Surge in growth of the food industry across the globe due to fast paced life of consumer and demand for ready-to-eat food is anticipated to increase the demand for industrial gloves worldwide.
Get more information on this report : Request Sample Pages. However, availability of local and inexpensive products and lack of awareness regarding usage of industrial gloves in the developing economies is anticipated to hinder the growth of the market.
Implementation of innovated technologies like new cut resistant gloves launched by Ansell engineered with next-generation INTERCEPT Technology yarns is anticipated to create new opportunities for the industrial gloves market growth during the forecast period.
The global industrial gloves market size is segmented into usability, material, end-user, glove type, protectionand region. On the basis of usability, the market is categorized into disposable and reusable. Disposable gloves on the basis of material, the market is categorized into natural rubber, nitrile, vinyl, neoprene, polyethylene, and others. Disposable gloves on the basis of end-user, the market is classified into aerospace, disk drives, flat panels, food, hospitals, medical devices, pharmaceuticals, semiconductors, and others.
Reusable gloves on the basis of glove type, the market is categorized into dipped gloves, knitted gloves, supported knitted gloves, and others. These major key players are adopting different strategies such as joint venture, agreement and business expansion to stay competitive in the global market. Depending on usability, the disposable gloves segment accounted for the major market share in as these gloves are resistant to solvent and odor free that has led to increase in their usage in the food, hospital, medical devices, and pharmaceutical industries.
Disposable is projected as the most lucrative segment. Depending on glove material, the natural rubber segment accounted for the major market share in owing to increase in usage of these gloves in chemical industry as well as for household. Growth of chemical industry and increase in demand and production of chemicals to be used in various industries are the factors expected to increase the demand for natural rubber gloves.