Malaysia's new tycoons minted in glove boom

Surge in demand due to Covid-19 has turned some into billionaires

A worker inspecting newly made gloves at a Top Glove factory in Klang, Malaysia, in March. Top Glove Corp, Supermax Corp, Hartalega Holdings and Kossan Rubber Industries have all benefited from a jump in demand for gloves due to the coronavirus pande
A worker inspecting newly made gloves at a Top Glove factory in Klang, Malaysia, in March. Top Glove Corp, Supermax Corp, Hartalega Holdings and Kossan Rubber Industries have all benefited from a jump in demand for gloves due to the coronavirus pandemic. PHOTO: REUTERS

KUALA LUMPUR • It's been a good year for glove companies and their founders.

Malaysia, which produces about 65 per cent of the world's supply of rubber gloves, counts at least four billionaires whose fortunes were made in the industry, including two new ones this year alone.

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A version of this article appeared in the print edition of The Straits Times on June 17, 2020, with the headline 'Malaysia's new tycoons minted in glove boom'. Subscribe