Monday, June 27, 2011

Supermax sees pick up in 2H

KUALA LUMPUR: SUPERMAX CORPORATION BHD [] expects the second half of 2011 to see a pick-up in demand for latex gloves.

However, its executive chairman and group managing director Datuk Seri Stanley Thai said on Monday, June 27 that the cost differential with nitrile gloves was expected to narrow.

In the immediate term, he still expected the second quarter numbers to be weak due to cost pressures.

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