World's largest medical glove maker sees strong growth ahead as pandemic sparks global surge in demand

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Staff work at the Top Glove factory research and development lab in Shah Alam on the outskirts of Kuala Lumpur on August 26, 2020.

MOHD RASFAN | AFP via Getty Images

SINGAPORE — Malaysia’s Top Glove, the world’s largest medical glove maker, sees “very strong” growth ahead, according to the company’s managing director, Lee Kim Meow.

“We’re very optimistic of our future,” Lee told CNBC’s “Street Signs Asia” on Friday.

His comments came after Top Glove on Thursday reported that its fiscal 2020 post-tax profit spiked 417% from last year. The company said the “tremendous growth stemmed from a global surge in demand for gloves on the back of the COVID-19 pandemic.”

“2020 if you look at it, the effect only (kicked) in around the middle of this year,” said Lee.

Looking ahead, he said the company expects at least 20% to 30% additional

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