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World’s largest medical glove maker turns into the epicenter of Malaysia’s Covid resurgence

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SINGAPORE — High Glove, the world’s largest medical glove maker, has shut 20 manufacturing websites in Malaysia after hundreds of employees examined optimistic for Covid-19.

A complete of two,684 High Glove workers — most of them international employees — have examined optimistic as of Wednesday, native media reported, citing Malaysia’s Senior Minister for Safety and Minister of Defence Ismail Sabri Yaakob.

That is by far the biggest cluster of recent infections within the Southeast Asian nation, the place a resurgence in circumstances compelled the federal government to reimpose a recent spherical of partial lockdown measures, in response to knowledge by Malaysia’s well being ministry.

Authorities within the nation are testing all High Glove employees within the affected factories and dormitories for the coronavirus. Minister of Worldwide Commerce and Trade Mohamed Azmin Ali informed CNBC on Thursday that the federal government hopes to “mitigate this downside inside subsequent two weeks.”  

“It is extremely unlucky that not too long ago, there (have been) some points when it comes to the optimistic circumstances recorded on the factories,” he informed CNBC’s “Road Indicators Asia.”

Azmin identified that High Glove was considered one of corporations allowed to proceed with full operations all through Malaysia’s lockdown, given its significance to each the native and international markets.

The corporate has seen a rise in demand for its merchandise on account of the pandemic. That contributed to a surge within the worth of its shares.

Shares of High Glove listed in Malaysia and Singapore dipped following bulletins of its manufacturing unit closures, however they’re nonetheless up by greater than 300% to this point this yr in each markets, knowledge by Refinitiv confirmed.

High Glove stated in a Wednesday assertion that some 5,700 of its employees have been examined for the virus, and screening of the remaining workers could also be accomplished by finish of this week.  

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