World’s top rubber grower challenges Malaysia’s glove dominance

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Malaysian companies were quick to ramp up glove production following the Covid-19 outbreak. (Bernama pic)BANGKOK: Thailand, the world’s largest natural rubber supplier, is ramping up domestic production of gloves with the Covid-19 outbreak fuelling a global shortage. About 80% of Thailand’s rubber has traditionally been exported for further processing, with tyre makers normally the biggest customers. But with the pandemic driving up demand for gloves, Thailand can easily double its market share to 26% next year, according to Boon Vanasin, a hospital tycoon setting up a 20-billion gloves facility. While Malaysian firms were quick to ramp up glove production, often using nitrile, a synthetic compound, Thailand was slower to make the pivot to local manufacturing. Now the state-owned Rubber Authority of Thailand is nudging companies to boost glove production to take advantage of the…