EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Tuesday, June 6, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Rubber Glove Industry to increase productivity as COVID-19 rages

by moneycompass
March 23, 2020
in Local Market News
rubber glove
Share on FacebookShare on WhatsApp

PETALING JAYA, 17 March 2020 – The President of the Malaysian Rubber Glove Manufacturers Association (MARGMA), Denis Low reiterated that as the COVID-19 rages across the World and has since then affecting more than a hundred thousand people, it is their duty to further step up productivity to cater to this enormous requirements for protective medical gloves.

COVID-19 has heightened its intensity going by the number of countries being affected and the rising death toll. As Malaysia is the largest manufacturer of rubber medical gloves, supplying almost 65% of the global demand, they shall re-strategise to ensure supply is adequate, at least to those severely affected areas.

In response to the Prime Minister’s announcement on the Movement Control Order to deal with the rise in COVID-19 cases, MARGMA agrees that certain essential services and industry be allowed to operate as they are providing critical products and services such as the Rubber Glove Industry (RGI). The RGI will need to continue to produce medical and surgical gloves which are very essential and critical items in the fight against COVID-19.

In being able to rise up to the occasion and produce sufficient quantities, they are also seeking the Government’s understanding that the service providers and raw materials and packaging suppliers to the Rubber Glove Industry to be allowed to operate too as without the raw materials, chemicals, and packaging materials, freight and logistics services, it would also affect the production of gloves.

While it is a huge challenge for the industry to cope with such high demand in a rather difficult situation, MARGMA stands committed to produce and to assist doctors, healthcare staff and the community in the fight to contain COVID-19.

They expect the World’s demand for natural and synthetic rubber medical gloves to be about 345 billion pieces this year while it was only 298 billion in 2019. Malaysia is looking to export about 65% or about 225 billion pieces or more depending on the spread and duration of COVID-19.

 

Other news: HSBC offers liquidity relief to help customers amidst COVID-19 crisis

Tags: Covid-19Malaysian Rubber Glove Manufacturers Association (MARGMA)
Share13SendShareSendTweetShare
Previous Post

WPI-MANA Finds ‘Liquid Electret’ Could Offer New Power Source for Wearable Electronics

Next Post

Standard Chartered lowers 2020 GDP growth to 2.5%

Related Posts

Loh Guat Lan, President of LIAM
Local Market News

Life Insurers Offer Relief Measures to Assist Flood Victims

08 Mar 2023
Bursa Malaysia
Current News

Bursa Malaysia enhances Islamic securities

10 Feb 2023
Corporate News

JCorp Officially Launches JLand Group (JLG) to Capture Opportunities in New Economy Real Estate

18 Jan 2023

Discussion about this post

MOST POPULAR

  • Startup World Cup 2023 Chengdu Regional was successfully held in Jingrong Town, Pidu District, Chengdu

    0 shares
    Share 0 Tweet 0
  • VUSE, PRINCIPAL PARTNER OF THE McLAREN FORMULA 1 TEAM, PARTNERS WITH A SAUDI FEMALE ARTIST TO LAUNCH ITS FIRST ARTIST RESIDENCY FOR UNDERREPRESENTED CREATIVES

    0 shares
    Share 0 Tweet 0
  • ASEAN Business Awards 2023 Registration Now Open: Showcasing Economic Progress in ASEAN

    0 shares
    Share 0 Tweet 0
  • Startup World Cup 2023 Chengdu Regional was successfully held in Jingrong Town, Pidu District, Chengdu

    0 shares
    Share 0 Tweet 0
  • LG JOINS RE100 INITIATIVE, COMMITTING TO TRANSITION TO RENEWABLE ENERGY

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER