IPOH (Feb 23): The government will continue to assist the manufacturing sector, especially the rubber glove industry to maintain Malaysia’s position as a main player in the supply of rubber gloves for the global health industry.
Minister in the Prime Minister’s Department (Special Functions) Datuk Seri Mohd Redzuan Md Yusof said this was also in line with Malaysia’s status as a major producer of rubber gloves globally with exports valued at RM2.9 billion in October last year.
“We hope the rubber glove industry will continue to drive the nation’s economy and provide jobs to the people to reduce reliance on foreign workers,” he told reporters after officiating AT Glove Engineering Sdn Bhd’s rubber glove production systematisation facility in Chemor near here on Tuesday.
Earlier in his speech, Mohd Redzuan said rubber glove exports contributed 51.1% to the nation’s total exports in October last year compared to 49.1% in the same period in 2019 as demand from foreign countries for rubber gloves increased due to the Covid-19 pandemic.
He said according to the Malaysian Rubber Glove Manufacturers Association (MARGMA), the shortage of rubber gloves globally would continue beyond the first quarter of 2022.
Mohd Redzuan said for this year, MARGMA projected the rubber glove annual growth rate demand to reach 15% to 20% with an export revenue of RM34 billion based on global demand that is set to hit 420 billion pieces.
He said that even though many countries had obtained Covid-19 vaccines, it would not affect the demand for rubber gloves.
Source: The Edge Markets
https://www.theedgemarkets.com/article/govt-will-continue-assist-rubber-glove-industry-says%C2%A0mohd-redzuan
