BIGGEST GLOVE MAKER SAYS RUBBER RESERVES CUSHION FLOOD IMPACT

17 January 2017 / 12:01

(Bloomberg): Top Glove’s rubber reserves to help mitigate effects of a temporary shortage arising from floods, says executive chairman Lim Wee Chai Tuesday.

* Co. has not experienced any delays in supply in part because of good relationship with suppliers and volumes it purchases, Lim says in e-mailed response to Bloomberg questions

* NOTE: Co. is world’s biggest glove maker

* Main impact of floods has been increase in price of natural rubber latex because of shortage in rubber supply

* Co. doesn’t anticipate supply disruptions

* Top Glove has 2 latex concentrate factories in Thailand

* NOTE: Rubber Set to Extend Best Start Since 1983 on Thai Flooding * NOTE: Thai 2017 Rubber Output Est. Cut on Flood Damage, Group Says

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