12 July 2020

The 4 Kings of Rubber Glove Industry !!!

Just when the world has been hit by one of the deadliest pandemics in history, it’s been a good year for glove companies and their founders.

Well, Malaysia, the world's largest rubber glove producer with a market share of about 65% of the world’s supply, therefore producing at least 4 billionaires whose fortunes were made in the industry.

Understand the 'Kings' here:

#1: Tan Sri Dr Lim Wee Chai of Top Glove Corporation Bhd
  • started the company with his wife in 1991
  • the world’s largest manufacturer of gloves
  • captured 26% of the world market share for rubber gloves
  • exports to over 2,000 customers in 195 countries worldwide
  • listed on Bursa Malaysia (2001) and mainboard of the Singapore Exchange (2016)
  • Lim, whose parents are rubber plantation owners and traders, also holds a 10% stake in property developer Tropicana and sits on its board.
  • estimated net worth $4.4B

#2: Kuan Kam Hon & family of Hartalega Holdings Bhd
  • a high school drop-out who began his career in building and construction in 1969
  • started Hartalega in 1988
  • the world's largest and fastest maker of nitrile gloves
  • listed on Bursa Malaysia in 2008
  • estimated net worth $7.3B (together with his brother Kuan Kam Peng)

#3: Datuk Seri Stanley Thai Kim Sim of Supermax Corp Bhd
    • started the company with his wife in 1987
    • Malaysia's largest Own Brand Manufacturer
    • world's second-largest producer of rubber gloves
    • currently exports to over 160 countries
    • listed on Bursa Malaysia in 2000

    #4: Tan Sri Dato' Lim Kuang Sia of Kossan Rubber Industries Bhd
        • established in 1979
        • one of the world's largest manufacturers of latex disposable gloves
        • listed on Bursa Malaysia in 1996
        • has been profitable with zero loss-making record since inception

        * Net worth estimation was based on Forbes data as of 12 July 2020

        Follow our active updates via Facebook @FinanceMalaysia

        No comments:

        Post a comment

        Finance Malaysia Blog appreciates your comment. Cheers!