World's top surgical glove maker shuts factories due to coronavirus

World's top surgical glove maker shuts factories due to coronavirus”

According to a BBC report, the authorities informed that the world's largest maker of latex would close down around 28 plants in stages as it will try to control the Coronavirus outbreak after 2,500 employees tested positive.

This is due to the fact that not all workers reside at the factory dormitories and many go back to their own residences.

In a stock exchange filing on Monday, Top Glove said it had temporarily stopped production at 16 of the 28 facilities since last Wednesday, with the balance of 12 facilities operating at much reduced capacities.

The firm said some deliveries could be delayed by four weeks and new orders could take longer to process, while sales could fall 3 per cent short of its projections for the 2021 financial year.

Malaysia-based glove manufacturer Top Glove was founded in 1991 and has since emerged to the world's largest supplier of gloves.

The company, which commands a quarter of the global latex glove market, has racked up record profits this year on sky-rocketing demand for its products and protective gear, thanks to the pandemic.

More news: Everything we know about Black Ops Cold War Season 1

While it began as a local business with just one factory and glove production line in Malaysia, Top Glove has already spawned its operations in China, Thailand, and Vietnam while it also has offices in Brazil, Germany, and the USA. Europe and North America are its biggest markets.

Hartalega Holdings Bhd and Supermax Corp Bhd are the other two top glovemakers in the country.

Yesterday, it announced the suspension of its said facilities to allow further Covid-19 screening and quarantine of its workers following a surge in Covid-19 cases among them.

But there has been a cluster of virus outbreaks among Top Glove employees - many of whom are low-paid migrant workers - at factories in an industrial area near the capital, Kuala Lumpur.

Ng said the closures had not affected the company's orders and was maintaining her earnings estimates for fiscal 2021.

Two other analysts predicted a 2% hit to annual profit.

Like this



25 November 2020
LA County To Shut Down All Restaurant Dining Amid COVID-19 Surge
She said diners at restaurants "sit for hours with no masks on" and are in close proximity to servers and patrons walking by. Derderian said that city leaders made a relatively unanimous decision to keep the restaurants open based on current numbers.

25 November 2020
Leeds United eye loan deal for 23-year-old Man United man
His evident struggles in recent months present a high level of risk to Everton if they parted with a transfer fee for him, so a loan is far more preferable.

25 November 2020
AstraZeneca Says New Vaccine 90% Effective : Coronavirus Updates
The AstraZeneca vaccine will offer Australia a "pathway to a return to normal", Health Minister Greg Hunt has said. American company Moderna subsequently released preliminary data on its vaccine showing its 94.5 percent effective.

24 November 2020
First lady Melania Trump accepts 2020 White House Christmas tree
He also warned of a potential "surge superimposed upon a surge" if precautions aren't taken. Unlike past years' arrivals, the carriage's two coachmen and horse handler were masked.

24 November 2020
China in final preparations for latest lunar mission
China's astronauts and scientists have also talked up crewed missions to Mars as Beijing strives to become a global space power. Pei said if the Chang'e-5 mission succeeds, China's current lunar exploration project would come to a successful conclusion.

24 November 2020
Vakatawa's try decisive as France beat Scotland in Nations Cup
Later on Saturday, Wales brought their five-match losing streak to an end by battling to an 18-0 win over Georgia in Llanelli. However, Ramos did kick over again as Les Bleus were forced to settle for three points.

24 November 2020
Former New York Mayor David Dinkins Dead at 93
History-making probably wasn't on Dinkins radar when he grew up in both Trenton, New Jersey, and in Harlem. He was drafted, served as a Marine and later graduated from Howard University and Brooklyn Law School.

24 November 2020
Sensex up by 282 points
Himachal Pradesh: Govt-Run Schools and Colleges to Remain Shut Till December 31, Online Studies to Start From November 26 . Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended with significant gains, while Shanghai closed in the red.

24 November 2020
Two new clinical trials underway in Wilmington for COVID-19 vaccines
An EU official involved in the talks told Reuters last week the EU was seeking a price below $25 per dose for Moderna's vaccine. He opined that these newly proposed Regional Vaccine Stores will also require additional Walk-in-Coolers and Walk- in-Freezers.

24 November 2020
Russia Says Its Sputnik V COVID-19 Vaccine 95% Effective
He said the centre expects the efficacy rate to be "even higher" three weeks after the second dose. Mr Dmitriev added Moscow aims to produce more than 1 billion doses at home and overseas next year.