Investors should explore China’s medical gloves industry
11-Aug-16, The Star
Malaysian and Chinese investors should enter into joint ventures to tap the huge potential for rubber medical gloves in China, given the country’s low usage of such gloves in the healthcare industry currently, Malaysia's Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong has said.
%20The%20Star.jpg "Investors should explore Chinas medical gloves industry (c) The Star")
Image: The Star
China imported 71% or US$96mil worth of rubber medical gloves from Malaysia in 2015 and demand was expected to increase. More than 20 Malaysian rubber gloves producers, including Top Glove Corp Bhd, are exporting to China.
"This shows that the potential is huge as China’s per capita usage of medical gloves only stood at three pairs yearly while the world average consumption is 25 pairs per year," said Datuk Seri Mah Siew Keong.