Across the board, glove makers have been seeing similar trends as the pandemic ease and once white-hot demand for their products dissipate.
UG Healthcare Corporation says it expects to report a loss for its 1HFY2023 ended Dec 31 2022, due to higher operating costs even as average selling prices drop.
Customers, according to the company, are holding smaller levels of inventories, thereby contributing to the dip in demand.
