Prognosis
Glove-Maker That Got Its Start With AIDS Surges on Covid Demand
- Shares of Malaysia’s Kossan Rubber are up 35% this year
- Founder Lim Kuang Sia close to joining ranks of billionaires
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Malaysia’s Lim Kuang Sia got into the rubber-glove business in the late 1980s, when the HIV/AIDS epidemic created a spike in demand.
That decision is proving fortuitous in the age of the novel coronavirus. Shares of his Kossan Rubber Industries Bhd., which produces 28 billion disposable latex gloves annually, have soared 35% this year as medical and emergency workers from Shanghai to San Francisco scramble to find protective gear.