WORLDKINGS - Worldkings News - Asia Records Institute (ASRI) – Top Glove Corporation: World’s largest manufacturer of gloves

08-02-2020

(Worldkings.org) Top Glove Corporation is the world’s largest manufacturer of gloves.

Established in 1991 and headquartered in Malaysia, Top Glove Corporation Bhd is the world’s largest manufacturer of gloves. 

What started as only a local business enterprise with 1 factory and 1 glove production line, has today captured 26% of the world market share for rubber gloves. 

The company has manufacturing operations in Malaysia, Thailand and China. It also has marketing offices in these countries as well as USA, Germany and Brazil and exports to over 2,000 customers in 195 countries worldwide.

Top Glove has demonstrated steady growth with a compound annual growth rate (CAGR) of 21.7% for revenue and 19% for profit after tax over the past 18 years. 

Top Glove offers a comprehensive product range, which now includes a non-glove segment comprising condoms, dental dams and exercise bands, fulfilling demand in both the healthcare and non-healthcare segment.

 

With the help of its 18,000 employees, Top Glove continues to produce high quality gloves at an efficient low cost.

Not content to rest on its laurels, Top Glove has set its sights on higher aspirations, which include increasing its world market share to 30% by year end 2020 and becoming a Fortune Global 500 Company by 2040. Accordingly, it continues to expand its business scope and to be on the lookout for M&A opportunities in similar and related industries.

According to topglove.com


Taro (Collect) - WORLDKINGS (Source of photos : internet)

 

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