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Top Glove Has Come a Long Way from Its Humble Beginnings.

In: Business and Management

Submitted By robinhoodusa
Words 329
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Founded in 1991, Top Glove has come a long way from its humble beginnings. What started off as a modest business venture of 1 factory, 3 production lines and 100 staff, has now emerged as the world's largest rubber glove manufacturer, boasting 25 factories, 464 production lines and a capacity of 41.3 billion gloves per annum.

On 27 March 2001, Top Glove was listed on the Second Board of the Malaysian bourse, Bursa Saham Kuala Lumpur and within a year, promoted to the Main Market of the Kuala Lumpur Stock Exchange. It has a shareholder fund of RM1.3 billion or USD401.2 million with an annual turnover of about RM2.31 billion or USD713 million as at financial year ended 31 August 2013. It is also one of the component stocks of the FTSE Bursa Malaysia ("FBM") Mid 70 Index, FBM Top 100 Index and FBM Emas Index with a market capitalisation of RM3.36 billion as at 4th February 2014.

These achievements are in no small part credited to the exemplary leadership of its founder Tan Sri Lim Wee Chai and a committed board of directors who, together with an 11,000-strong workforce, have nurtured Top Glove into the resounding success it is today.

At Top Glove, customers are the most important arbiters and delighting them with quality products, efficient costing and excellent customer service continues to be its chief priority. With this in view, the company will continue to intensify investments in R&D, IT and automation, towards on-going improvements in product quality and production efficiency.

Moving forward, Top Glove’s unswerving focus will be on capturing 30% of the global market share. To this end, the company has embarked on rapid capacity expansion and will also be balancing its capacity mix of natural rubber and synthetic rubber gloves. Through its recent land acquisition, it is also moving upstream by diversifying into rubber plantation in order to mitigate the volatility in latex cost.…...

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