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Top Rubber Maker Bets on 30 Billion Gloves to Protect Its Profit

  • Sri Trang plans to boost glove output by 74 percent in 2 years
  • Strategy aims to offset losses when rubber prices slump
relates to Top Rubber Maker Bets on 30 Billion Gloves to Protect Its Profit

Germs, disease and slumping profits -- those are just some of the impurities rubber gloves may shield against, according to the world’s top producer of the agricultural commodity.

Thailand-based Sri Trang Agro-Industry Pcl aims to increase rubber glove output by about 74 percent to 30 billion gloves annually in the next two years, boosting the product’s profit share to account for about half of its net income, the company’s vice president Vitchaphol Sincharoenkul said. That’ll help offset any losses in natural rubber exports when the price of the commodity slides, he said.