Dipped Products PLC has seen higher sales for its rubber gloves, due to COVID-19-related healthcare requirements.
The company, which has glove making facilities in both Sri Lanka and Thailand, along with its tea and rubber plantations, reported revenues of Rs.12.3 billion for the three months to December 31, 2020 (3Q21), up 55 percent from the same period in 2019.
“Despite the challenging environment, the hand protection sector continued to place strategic emphasis on pursuing customers in emerging and developed markets. Sri Lankan manufacturing companies recorded 6 percent growth in export volumes,” Dipped Products Managing Director Ng Soon Huat said.
Dipped Products is one of the leading non-medical rubber glove manufacturers in the world and accounts for a 5 percent share of the global market. The company’s products now reach 70 countries.