Reduced by WRO, Top Glove imports face competition

China 2905 Coronavirus 507 Health Care 344 Malaysia 125 Thailand 123 U.S. 5211

Top Glove, a maker of rubber gloves, was freed from a withhold release order issued in July 2020, alleging forced labor in Malaysian manufacturing. Imports of gloves, of which 70.8% in 2020 came from Malaysia, had fallen by 75.7% year over year by Q2 and 85.2% year over year in July and August. This likely opened the door for competitors like Hartalega and Owens & Minor, who saw imports increase by 58.5% and 86.1% year over year in July and August respectively. Owens & Minor also noted that they were able to pass through price increases, probably made easier by a decrease in competition....

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