Top Glove said the potential acquisition of Adventa’s unit Aspion Sdn Bhd will establish it as the largest surgical glove maker in the world, besides being the world’s largest rubber glove manufacturer. In a filing to Bursa Malaysia yesterday, Top Glove said it had entered into a term sheet with Adventa Capital to buy the entire Aspion shares. The global market value for surgical gloves has been estimated at US$1.4 billion in 2015. Growth is driven by developed regions including North America, Europe, and parts of Asia Pacific and Middle East, Top Glove said. The company accounts for about one-fourth of global rubber glove production, with a manufacturing capacity of 51.9 billion pieces per year from its 33 factories in three countries including 28 in Malaysia.

Source: New Strait Times November 24, 2017 06:56 UTC