Koon Yew Yin's Blog

Top Glove to shut factories as it screens workers for COVID-19 - Koon Yew Yin

Koon Yew Yin
Publish date: Tue, 24 Nov 2020, 03:13 PM
Koon Yew Yin
0 1,416
An official blog in i3investor to publish sharing by Mr. Koon Yew Yin.

All materials published here are prepared by Mr. Koon Yew Yin

Malaysia reported a record 1,884 new COVID-19 cases on Monday (Nov 23), following a spike in infections linked to workplace clusters in the Klang Valley.

This is the highest daily number of new cases since the outbreak of COVID-19 in the country, said Health Director-General Noor Hisham Abdullah.

Malaysia has recorded a total of 56,659 COVID-19 infections to date, of which 13,842 are active cases. Two more fatalities - both in Sabah - were also recorded on Monday, taking the national death toll to 337.

On Nov 23: Top Glove Corp Bhd has confirmed that it will temporarily shut down 28 factories in Klang, Selangor following an insurgence of Covid-19 cases among its workers. Top Glove, the world's largest glove manufacturer, has 41 factories in Malaysia.

Malaysian government has ordered staggered closures after surge in COVID-19 cases at world’s biggest glove maker.

Top Glove worker hostels west of Kuala Lumpur have been under a strict lockdown for a week. Now the government has ordered phased factory closures so all staff can be tested for COVID-19

Top Glove, the world’s biggest manufacturer of medical gloves, has said it will fully cooperate with the Malaysian government on the staggered closure of its factories to allow all staff to be screened for COVID-19 amid an escalating outbreak of the coronavirus among its workforce.

Top Glove has temporarily suspended operations at 16 of its factories in Meru, a town west of Kuala Lumpur, and the 12 remaining facilities are operating at “much reduced capacities”, it said in a statement on Monday night after the government ordered the staggered closure of its factories.

With the help of the Ministry of Health, the company has already completed the screening of about 5,700 workers at its hostels, the statement said.

“We are committed to proceed with the COVID-19 screening test for the balance (of) workers and staff of our factories in Meru,” the company said without elaborating on the numbers involved or when the process would begin.

“The safety and wellbeing of our employees and local community is our utmost priority towards containing the situation and to flatten the COVID-19 curve.”

 

Related Stocks
More articles on Koon Yew Yin's Blog
Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin

Created by Koon Yew Yin | May 06, 2024

Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:

Sendai is still up trend - Koon Yew Yin

Created by Koon Yew Yin | Apr 30, 2024

As shown on the chart below, Sendai has been dropping in the last few days. Today all shareholders must be wondering to sell, hold on or to buy some at a cheaper price.

Eversendai Corporation made a remarkable comeback in FY2023 - Koon Yew Yin

Created by Koon Yew Yin | Apr 22, 2024

Eversendai Corporation Berhad made a remarkable comeback in FY2023, reporting strong profit growth. Here are the key highlights from their financial performance:

Sendai price trend reversal - Koon Yew Yin

Created by Koon Yew Yin | Apr 22, 2024

Sendai price chart below is showing its price trend reversal. It is hitting a record high.

How can KSL double its profit? - Koon Yew Yin

Created by Koon Yew Yin | Apr 18, 2024

After the stock closed yesterday, KSL announced its 4th quarter EPS which is 40.76 sen and its net tangible asset (NTA) backing of Rm 3.65. Its profit increased by 230% more than last year.

Why Sabah will leave Malaysia - Koon Yew Yin

Created by Koon Yew Yin | Mar 29, 2024

Currently Sabah Government does not know that solar panel produces the cheapest electricity???

Malaysia can be one of the richest nations in the world - Koon Yew Yin

Created by Koon Yew Yin | Mar 23, 2024

During my life time I saw every Prime Minister being replaced by another politician for one reason or another. Dr Mahathir managed to stay the longest time of 22 years.

Property Developers comparison - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

All property developers have just announced their annual profit for 2023. All of them reported increased profit.

My contribution as an Engineer - Koon Yew Yin

Created by Koon Yew Yin | Mar 04, 2024

Although my writing of this article sounds boastful but I feel that it is important to keep this record for posterity. Engineers play a pivotal role in shaping our modern world.

What can KSL can do to benefit shareholder? - Koon Yew Yin

Created by Koon Yew Yin | Mar 01, 2024

What can KSL do to benefit shareholders? I hope all the shareholders will read this article so that they can attend the coming annual general meeting to vote out those directors who are seeking re...

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment