Thank you for visiting our
website. We hope you find it
interesting and are able to
locate the information you
seek, with ease.
The Top Glove success story
spans 22 years to date and
we are still continuing to
grow. We started off in 1991
with just 1 factory and 3
production lines but today,
our expansion plans include
increasing the number of
production lines from the
current 462 to 538 lines by
April 2014, further boosting
our production capacity from
40.3 billion to 47.9 billion
pieces of gloves per annum.
We are also building new
factories every year.
Moreover, efforts are
underway to improve our
efficiency, through
automation initiatives and
the computerisation of our
operations. These moves help
reduce our reliance on
manual labour while
enhancing our productivity,
towards alleviating the
impact of the minimum wage
implementation.
We have also risen to meet
many challenges along the
way and our second quarter
results are testament to
this. Amidst challenging
market conditions, we posted
healthy financials,
demonstrating strong growth
for our first half revenue
and profit. The Group
recorded sales revenue
growth of 5% to RM1.16
billion from RM1.1 billion,
and a marked improvement in
net profit of 27% to RM110.2
million from RM86.7 million,
in comparison to 1HFY2012.
The surge in sales was
attributed to an increase in
demand for both natural
rubber and nitrile gloves –
particularly the nitrile
gloves, which now comprise
17% of our total glove
sales. Strong demand growth
of natural rubber gloves
also stemmed from emerging
economies in Latin America
and Asia. Further, our
improved production capacity
utilisation and a more
competitive pricing
structure contributed to
boosting sales.
In fact, we look forward to
attaining an even stronger
performance in the coming
quarters, once the price
revision and efficiencies of
automation come into effect.
Throughout the years,
customer satisfaction has
remained a foremost business
priority at Top Glove. We
are committed to delighting
our customers and with this
in mind, will continue to
pursue continuous
improvement and innovation
by investing in R&D and
hiring capable talents. In
line with our timeless
Business Direction, our
commitment is to produce
consistently high quality
gloves at an efficient low
cost.
Going forward, we are
optimistic of a resilient
global demand for medical
gloves. We currently have
25% of the global market
share and looking ahead, our
focus will be on capturing
30% of the global market
share by 2015. And with our
capacity expansion and
product mix rebalancing
initiatives, coupled with
the support of a highly
capable workforce, we are
most confident of achieving
this.
TOP GLOVE, TOP QUALITY, TOP
EFFICIENCY
GOOD HEALTH, SAFETY FIRST &
BE HONEST
Tan
Sri Lim Wee Chai
April 2013 |
