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Dear Valued Stakeholders,

 

Welcome and thank you for visiting Top Glove’s website.

 

Our journey began in 1991 with only 1 factory, 1 glove production line and 100 employees. Today, we have transformed into an international business attaining 26% of the world market share for rubber gloves with production bases in Malaysia, China, Thailand and marketing offices in these countries as well as Germany, USA and Brazil. As the world’s largest manufacturer of gloves, we presently have 46 factories, 724 production lines and a production capacity of 85.5 billion pieces of gloves per annum.

Having been in business for 3 decades this 2020, we are a young and dynamic company. Our continued focus on innovation, digitalisation process improvements and service orientation continues to drive our performance upwards year after year.

Our prospects including the glove industry remain promising. Global demand for gloves is growing steadily at 10% to 12% per annum driven by strong market fundamentals.

We are guided by our core values which include promoting our Business Ethics of Honesty, Integrity and Transparency and bonded by our Corporate Values of Respect, Integrity, Value, Empowerment and Relationship, represented by the acronym R.I.V.E.R. Health is truly wealth as we practise Top Glove’s 5 Quality Wells: Clean Well, Eat Well, Work Well, Exercise Well and Sleep Well daily, so we remain fit and well-positioned to contribute positively and compete effectively.

Our journey towards excellence is quickly gaining momentum. We have set our sights even higher and aim to capture 30% of the world market by year-end 2020 and ultimately become a Fortune Global 500 company by 2035.


A Strong and Healthy Start to FY2021 for Top Glove

For the First Quarter (1 September to 30 November 2020) of Top Glove’s financial year, Top Glove delivered a robust performance underpinned by continued strong global glove demand. Our new achieved milestones, at a glance:


1QFY2021

  • New milestone achievement of RM4.8 billion in Sales Revenue, up 294% from 1QFY2020
  • Robust Profit After Tax Attributable to Owners of the Parent (Profit) of RM2.4 billion, increase by 20-fold from 1QFY2020

This significant achievement is attributed to the strong demand for gloves in both developing and emerging markets, owing to the ongoing global pandemic as Sales Volume (Quantity Sold) grew by a healthy 34% from 1QFY2020.  Moreover, ongoing technological advancements towards automation and digitalisation initiatives, effective talent development as well as continuous innovation, quality and productivity enhancements which the Group continued to embark on, contributed to the improved bottomline.

With the expected continued increase in glove demand even with a vaccine, Top Glove maintains an optimistic outlook on prospects. It is estimated that glove demand will continue growing by 25% in 2021 and 15% per annum post-pandemic.

This year, Top Glove also achieved several accolades including being listed on the Dow Jones Sustainability Indices (DJSI) under the Emerging Markets category for the 2ndyear running, which is a glowing testament to our Company’s good practices in the Economic, Environmental, Social and Governance (EESG) space. Top Glove was also honoured at the prestigious The Edge Billion Ringgit Club Awards Malaysia, where we received an award for Highest return to Shareholders Over Three (3) Years under the category of Super Big Cap Companies (above RM40 billion).

Top Glove believes in doing well so we can continue to do good. We place the highest priority on the health and wellbeing of our employees and the community around us. We will carry on with our endeavour to be mindful and uplift the standard of our employee welfare to achieve international standards.

 

As our strong and healthy start to FY2021 sets a positive tone for the rest of the year, we are confident that together with the passion and efforts of our Top Glove team, we will continue to ensure that lives across the globe are protected through our gloves. 

 
Thank you 
 

TOP GLOVE, TOP QUALITY, TOP EFFICIENCY, GOOD HEALTH, SAFETY FIRST & BE HONEST


Tan Sri Dr Lim Wee Chai

Executive Chairman

9th December 2020