MIDF Research sees US seize order on Top Glove harming manufacturer’s sales, earnings in North Ame …

midf research sees us seize order on top glove harming manufacturers sales earnings in north america

Sumary of MIDF Research sees US seize order on Top Glove harming manufacturer’s sales, earnings in North America:

  • — Reuters pic KUALA LUMPUR, April 9 — The United States’ Withhold Release Order (WRO) on Top Glove Corporation Bhd is expected to have a negative impact on the rubber glove manufacturer sales in the North America markets, MIDF Research said..
  • It noted that Top Glove had recently said its rubber gloves average selling price (ASP) would be adjusted by about five per cent to match the current market prices..
  • Yesterday, Top Glove held a briefing to update on the improvement it has made based on the findings of the International Labour Organisation (ILO) forced labour indicators..
  • It said that it would continue to rectify existing issues so that the US Customs Border Protection (CBP) would modify or revoke the WRO..
  • “In the second quarter financial year 2021 results’ briefing, the group highlighted that nitrile glove ASP is expected to decline by between three to five per cent month-on-month or adjusted down to be in line with peers…

Want to know more click here go to source.

From -
Close
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close