WHILE the global glove shortage is expected to sustain until 2023, one wonders whether George Kent (M) Bhd
’s (GKent) recently-announced entry into glove manufacturing is late in the game.
The new venture, in collaboration with Johan Holdings Bhd, would see the commercial rollout of its first glove production line in August 2021, but it would take until mid-2023 for all 42 production lines to be commissioned as planned.
GKent is heading into glove-making business at a time when average selling prices of gloves are expected to soften in subsequent quarters, albeit at a slow pace, and there would be increased incoming supply into the market, considering that many companies have jumped on the glove bandwagon last year.
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