Top Glove Company Background

Topics: Glove, Quality control, Latex Pages: 25 (8570 words) Published: November 1, 2012
Company Background.
Established in 1991 with only one factory and three production lines, Top Glove has since grown by leaps and bounds to become the world's largest rubber glove manufacturer. Top Glove places customer satisfaction at the very heart of its business; hence has put a great deal of emphasis on research and development to ensure continual improvement in its product quality and production efficiency. In order to stay ahead of the curve in product development, it collaborates closely with government agencies and ministries to keep itself abreast of the latest development in rubber research technology. It has now earned itself a reputation of being a one-stop glove sourcing center offering an extensive and complete range of high-quality, high value-added and cost-effective rubber gloves. It was listed on the Malaysian bourse, Bursa Saham Kuala Lumpur on 27 March 2001. In a short span of slightly more than a year, on 16 May 2002, Top Glove Corporation Berhad's listing was successfully promoted from the Second Board to the Main Market of the Kuala Lumpur Stock Exchange. Top Glove has a shareholder fund of RM1.09 billion or USD358 million with an annual turnover of about RM2.05 billion or USD682 million as at financial year ended 31 August 2011. It is also one of the component stocks of the FTSE Bursa Malaysia ("FBM") Mid 70 Index, FBM Top 100 Index and FBM Emas Index with a market capitalization of RM3.01 billion as at 31 August 2011. In line with its objective of capturing a larger share in the world market, the company has undertaken a rapid expansion of its capacity. Its manufacturing facilities which spread across Malaysia, Thailand and China grew from 5 in 2001 to 21 in 2011, and will soon be expanding to 23 by end of 2012. Top Glove exports to approximately 1000 customers in over 185 countries through its sales and marketing offices in Malaysia, the United States and Germany.

Top Glove at a glance:
 | As at
31st May 2012|
1.| Number of Factories| 22|
2.| Number of Production Lines| 442|
3.| Total production capacity (pieces per year)| 38.5 billion| 4.| Countries of Export| 185|
5.| Number of Employees| 10,900|
6.| Number of Customers| 1000|

Business Overview
Top Glove’s business was established in 1991 by Dato’ Dr Lim Wee Chai and his wife, Tong Siew Bee. The company has been expanding by leaps and bounds with the establishment of one new factory each year. Top Glove currently has ten (10) factories, of which two plants are in Thailand and one in China. It exports its gloves to about 500 customers in 145 countries. Top Glove produces a diverse range of gloves from powdered/powder free gloves which are smooth or textured, coloured, long length and flavored, to synthetic gloves, surgical gloves and household gloves. Its gloves are sold mainly to the food and healthcare/medical sectors. Top Glove has been accredited with various quality awards from SIRIM ISO 9001 to ADA (USA). 70% of its products are sold under OEM (Original Equipment Manufacturer) and the rest are marketed under the ‘Top Glove’, ‘TG Medical’ and ‘Great Glove’ brands.

To be a world class glove manufacturer providing top quality products with excellent services through continuous improvement and innovation.

To strive to be the world’s leading manufacturer with excellent quality glove products and services that enrich and protect human lives.

Quality Policy
* Quality and productivity are our business
* Continuous improvement and innovation are our duties
* Towards zero defect is our target

Corporate Values
* Global customer satisfaction
* Do it right first time and every time
* Integrity and total commitment
* Excellence in quality and competitiveness
* Environmental friendly and social responsibilities

Business Ethics
* Honesty
* Integrity
* Transparency

Strategic Plan
Top Glove has lined-up the following...
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