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Place Category: Glove-Making
Top Glove Corporation Bhd is a rubber glove manufacturer. The company owns and operates 42 manufacturing facilities in Malaysia, Thailand, and China. It also has marketing offices in these countries as well as the United States, Germany, and Brazil.
Top Glove Corporation Bhd is the world’s largest manufacturer of gloves, with manufacturing operations spanning across Malaysia, Thailand and China. Top Glove also has marketing offices in these countries as well as USA, Germany and Brazil.
Listed on the Malaysian Bourse in March 2001 and on the Mainboard of the Singapore Exchange in June 2016, it has demonstrated steady growth with a compound annual growth rate (CAGR) of 21.8% for revenue and 19.2% for profit after tax over the past 18 years. It is also a component stock of the MSCI Global Standard Index, FTSE Bursa Malaysia KLCI Index, FBM Top 100 Index, FBM Emas Index, FBM Hijrah Syariah Index, FBM Emas Syariah Index, FTSE4Good Bursa Malaysia Index and the Dow Jones Sustainability Indices (DJSI) for Emerging Markets.
The Top Glove success story began a quarter of a century ago in 1991, as a local business enterprise with a single factory and 1 glove production line. Today, it has captured 26% of the world market share and offers a comprehensive product range, fulfilling demand in both the healthcare and non-healthcare segment. Top Glove serves a network of over 2,000 satisfied customers in more than 195 countries, and these numbers are still growing.
Its outstanding achievements and global recognition are credited largely to its founder Tan Sri Dr Lim Wee Chai, the visionary and driving force, who within a short span of time, has built the Malaysian-based company into a resounding global success.
With customer satisfaction as a key priority, Top Glove continues to produce high quality gloves at an efficient low cost in line with its time-tested Business Direction. Not content to rest on its laurels, Top Glove has also set next-level goals to aspire towards, which include increasing its world market share to 30% by 2020 and becoming a Fortune Global 500 Company by 2040. It is also aggressively expanding its business scope and on the lookout for M&A opportunities in similar and related industries.