The company raised freight rates by as much as 50% in some cases and added capacity on high-demand routes as it also saw high-volume shipments of face masks and medical gowns during the coronavirus pandemic, Chief Executive Ibrahim Mohamed Salleh told Reuters. The company declined to give profit figures.
Around 19% of its trading revenue comes from the sale of synthetic latex (nitrile) to companies like Kossan Rubber, Hartalega, Top Glove, Supermax, Riverstone and Latexx..Luxchem, which sources its nitrile from Zeon Chemicals of Japan, has a market share of around 20%. Around 90% of the nitrile is used in the rubber glove industry.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
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Posted by probability > 2020-05-19 22:28 | Report Abuse
Even Cargo company transporting gloves raise price by 50%, why not the direct chemical suppliers for gloves?
https://www.theedgemarkets.com/article/malaysian-state-cargo-carrier-profits-soaring-demand-medical-gloves
The company raised freight rates by as much as 50% in some cases and added capacity on high-demand routes as it also saw high-volume shipments of face masks and medical gowns during the coronavirus pandemic, Chief Executive Ibrahim Mohamed Salleh told Reuters. The company declined to give profit figures.