Malaysia-based producer Top Glove for one says its delivery lead time spanned 400 days in 3QFY2020 ended May, compared to the 40-day time frame it previously adhered to. Fellow Malaysia-based producer Riverstone Holdings faces the same dilemma and says it is fully booked till March 2021.
SINGAPORE (July 7): Malaysia-based AmInvestment Bank (AmBank) is reiterating its “overweight” stance on the glove sector, following the high demand for the personal protective gear.
Glove manufacturers are feeling the pressure from the surge in orders, with some saying their order pipeline extends to 1Q21.
