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Manufacturers of rubber gloves got benefit from Ebola epidemic

( Update: 10/09/2014 )

Manufacturers of rubber gloves Malaysia benefited from Ebola epidemic in West Africa as fears spread disease increases the demand for medical gloves.

According to the Association of Malaysian rubber gloves (Margma), manufacturers of rubber gloves from Malaysia will benefit outbreak of the Ebola virus epidemic (EVD) in West Africa as concerns the spread of this virus increased demand for medical gloves not only in countries with epidemics but also in countries likely to be affected.

Lim Kwee Shyan Margma chairman said, any unusual demand for rubber gloves are good for the industry. Industrial rubber gloves are relatively stable demand and any unusual demands will only mean that the diminished bargaining power will increase.

Mr Lim Kwee Shyan admitted rubber glove demand is increasing in countries affected by Ebola epidemic but "not a significant number."

"There Ebola occurred only in some countries, but if this epidemic continues to spread and become endemic, while the demand for medical gloves will increase very sharply," Mr Lim said, and also presented Margma show producers believe that the Malaysian Rubber gloves can meet any significant increase in demand due to disease outbreaks.

Manufacturers of rubber gloves Malaysia supplies about 60% of world rubber gloves, head of Top Glove Corp Bhd's, manufacturers of latex gloves largest in the world.

Soong Wei Siang analyst at JF Apex Securities said it would be difficult to estimate makers need rubber gloves when the severity of the disease remains unclear.

Shares of the company producing rubber gloves continued to increase, even Hartalega Holdings Bhd, Supermax Corp Bhd and Top Glove, Top Glove which benefited most by the greatest power.

As of 10h31 Day 4/8, Top Glove's shares rose 11 sen ringgit (2.31%) to 4.88 ringgit / share with 800,000 shares traded as of Supermax shares and a corresponding increase Hartalega 10 sen ringgit (4.66%) to 2.46 ringgit and sen 4 ringgit (0.75%) to 6.7 ringgit.

Ebola outbreak that Top Glove would increase capacity from 70-75% to 80-85% currently.

Friday last week (1/8) World Health Organization (WHO) has announced plans Ebola deal worth $ 100 million as part of the international campaign to control the disease. WHO intends to control and prevent this virus disease spread to neighboring countries.

WHO said on 31/7 since March has had 1,323 cases of Ebola and 729 deaths in the three countries of Guinea, Liberia and Sierra Leone. The mortality rate of about 55%.

According Gafin.vn