Affected by the new crown pneumonia epidemic, the global demand for rubber gloves has surged. Even Malaysia Top Glove Group, the world's largest latex glove manufacturer, is suffering from labor shortages due to excessive orders. On April 20th, the Thai Rubber Management Bureau announced a plan to cooperate with agricultural research institutions and private companies to establish a rubber glove and medical glove factory due to the rising demand for rubber gloves due to the outbreak of the new crown.
The chairman of the agency stated that the factory will be built in Nakhon Si Thammarat at a cost of 500 million baht and an annual production capacity of 1.8 billion. And added: The Rubber Authority of Thailand has not finalized the shareholding ratio of the joint venture partners. The organization’s annual R&D budget is 400 million baht. After the new crown epidemic, the use of gloves, masks and health care products will become the new normal of Thai consumption.
The total annual global output of rubber gloves is 228 billion, Malaysia produces 136 billion, and Thailand produces more than 46 billion annually. Currently, the Rubber Bureau is conducting a feasibility study to establish a Rubber Valley (Rubber Valley) as a comprehensive rubber production center. The construction site is also in Nakhon Si Thammarat.