Dear Valued Stakeholders,
Welcome and thank you for visiting
the Top Glove website.
The Top Glove 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 45 factories, 700
production lines and a production capacity of 78.7 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 and improvements in
our production processes and services continue to bear fruit as we deliver an
impressive performance year after year.
Prospects for Top Glove and the glove
industry remain promising. The 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 foremost, working in line with our Business Ethics of Honesty,
Integrity and Transparency and bonded by our Corporate Values Respect,
Integrity, Value, Empowerment and Relationship, represented by the acronym
R.I.V.E.R. We believe that health truly is
wealth and 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 has
only just begun. We have set our sights even higher and aim to capture 30% of
the world market by year end 2020 and to ultimately become a Fortune Global 500
company by 2040.
Doing Well by Doing Good: All-Time
High Net Profit Achieved In 3QFY2020
For 3QFY2020, Top Glove delivered its
most outstanding performance yet in the company’s 29-year history,
demonstrating that delivery of life-saving gloves and exceptional results
indeed go hand-in-glove.
Our 3QFY2020 results at a glance:
• Strongest
ever quarterly Sales Revenue of RM1.7 billion
• Record-breaking
Net Profit of RM350 million
• Strong
Sales Volume growth of 25% quarter-on-quarter and year-on-year
Read more about our excellent
3QFY2020 performance here.
Following aggressive organic
expansion in nitrile glove capacity, we also secured our position as the
world’s largest manufacturer of nitrile gloves, in addition to being the
world’s largest manufacturer of natural rubber gloves and surgical gloves.
Top Glove emerged the best performing
stock on both the Kuala Lumpur Composite Index (KLCI) and the Straits Times
Index (STI), with our share price having increased by 263% and 268%,
year-to-date, respectively and we rank amongst the elite Top 15 companies on
Bursa Malaysia and SGX.
Our record high results are a
testament to our strong foundation which is decades in the making and comprises
a committed and capable team, as well as ongoing improvement initiatives.
It is a tremendous privilege to be in
a position to help protect people in Malaysia and throughout the world from
this dangerous virus, and we will continue to work safely and efficiently to
produce as many gloves as possible at this critical time.
Top Glove has earmarked RM5 million
for CSR initiatives, which will include assisting those affected by the
pandemic. The Group’s earlier donations
included 3 million pieces of medical gloves for Malaysia, as well as another 3
million gloves to China jointly with the Malaysian government and Malaysian
glovemakers.
The Group also made an ex-gratia
payment to both its local and foreign workers, in appreciation of their
contributions in meeting the surge in glove demand.
Going forward, Top Glove envisions
extremely robust quarters ahead. With a
year's worth of orders in the pipeline, Top Glove is confident of delivering
solid results not only for FY2020, but FY2021 as well.
Thank you.
TOP GLOVE, TOP QUALITY, TOP
EFFICIENCY
GOOD HEALTH, SAFETY FIRST & BE
HONEST
Tan Sri Dr Lim Wee Chai
11 June 2020