VIP Gloves Ltd. engages in the manufacture and sale of nitrile gloves. The company is headquartered in Beranang, Selangor. The Company’s subsidiaries include VIP Glove Sdn Bhd and KLE Products Sdn Bhd. VIP Glove Sdn Bhd is engaged in manufacturing nitrile gloves. Its nitrile gloves are used in a broad spectrum of industries, such as medical & healthcare, food & beverages, electronics, and manufacturing industries. KLE Products Sdn. Bhd. (KLE) is a Malaysian manufacturer of conveyor chain systems and components that service the rubber glove manufacturing industry. KLE manufactures a range of roller conveyor chains and former holder sets according to customer specifications. KLE supplies to various glove manufacturers in Malaysia and overseas with its product set.
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Here are the latest articles on VIP Gloves (ASX: VIP)
VIP ceases glove production as demand falls, after tooting their own horn for two years
December 2, 2022
Remember when Frank Sinatra caught a cold and couldn’t perform? He might as well have thrown in the towel and joined the crowd outside Nat King Cole’s venue; his voice was his identity. The only difference between Sinatra and nitrile glove manufacturer VIP Gloves (ASX: VIP) is that Sinatra had a personality beyond singing. VIP
Annual demand for gloves to reach $57.1b as VIP Gloves’ production surges
August 9, 2021
VIP Gloves (ASX: VIP) is on target to continue its recent growth having reopened its Malaysian manufacturing facility, powering its supply to fulfil forecast growth in the global nitrile glove market. After a brief downtime while the company updated operational activities to comply with Malaysian Government Covid-19 requirements, VIP, which recently announced a 164% Year-on-Year
Malaysian Government orders VIP Gloves to shut down all operations
July 16, 2021
The world could soon have a shortage of disposable gloves with rising COVID cases in Malaysia prompting mass lockdowns, including the halting of operations for manufacturer VIP Gloves (ASX: VIP) which has been one of the biggest beneficiaries from the pandemic. The operational update comes as initial lockdowns in Selangor first introduced on July 3
VIP Gloves secure CE Mark approval for increased European distribution
January 25, 2021
Health and safety products manufacturer VIP Gloves (ASX: VIP) is readying for a significant increase in their manufacturing capacity with approval now secured from European regulators for their nitrile gloves, bringing with it increased margins on products sold. The approval is widely recognised across the European Economic Area and signifies that VIP’s nitrile gloves conform
COVID shutdowns in Malaysia fills VIP Gloves order book into 2022
November 30, 2020
The world needs more gloves, STAT! With factory workers around Malaysia having contracted COVID-19, VIP Gloves (ASX: VIP) has presented as one of the last factories standing, prompting a rise in glove prices as the order book is now fully committed for 2021, more than 12 months ahead of time. Despite increases to their production
With 400 million glove backlog, VIP Gloves sold out till December 2020
April 21, 2020
Shares in the lightly traded gloves manufacturer VIP Gloves (ASX: VIP) have skyrocketed this morning on news that the Company has such a large backlog of orders that their 24/7 production capacity is fully committed until December 2020. With their production facilities based in Malaysia and not impacted by the Malaysian Government’s COVID-19 biosecurity measures,
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