Sri Trang Gloves

What Sri Trang Gloves does

Sri Trang Gloves (Thailand) Public Company Limited (STGT) is Thailand's largest manufacturer of disposable medical and protective rubber gloves, founded in 1989 and listed on the Stock Exchange of Thailand (ticker STGT) since July 2020 with a secondary listing on the Singapore Exchange (stock code STG) since May 2021. The company operates 13 production facilities clustered across Chumphon, Surat Thani, Trang, Hat Yai, Sadao, and Anvar in Southern Thailand, with an annualized installed capacity of over 52 billion gloves; this generated 37.1 billion pieces sold in 2025 and THB 23,890.3 million in FY2025 revenue. STGT sells two primary material platforms — natural rubber latex and synthetic nitrile — across five core product lines (latex powdered, latex powder-free, nitrile powder-free, gamma-sterile examination, and surgical), with proprietary differentiators including the NATUTEX latex formula, Sense Nitrile technology (>40 MPa tensile), Chemo Plus chemotherapy-rated gloves, and 100% biomass-thermal-energy production. The product portfolio is certified to ISO 13485, FDA, MDR 2017/745, PPE Category III, FSC, and BSCI standards, enabling sales into healthcare, food, industrial, and laboratory channels.

The company runs a B2B OEM-embedded model, white-labeling gloves to over 2,000 brand partners across more than 175 countries, augmented by directly-owned sales subsidiaries in the USA, Vietnam, Singapore, Indonesia, Philippines, and China (including a new Chicago office opened in 2025 and a Suzhou packaging/distribution entity established in 2024). STGT markets under four brand umbrellas — Sri Trang Gloves, Sri Trang Satory, IM Glove, and Ventyv (the last being a separately operating distribution brand) — with sub-brands segmented by use case rather than by price tier. Distribution relies on enterprise inquiry-based sales, with industry exhibitions (THAIFEX) used for mid-funnel promotion and a dedicated investor relations portal serving public-market stakeholders.

Downstream, STGT is structurally integrated with parent Sri Trang Agro-Industry PCL, which supplies natural rubber latex from upstream plantations, conferring both supply security and a sustainability narrative supported by FSC, EUDR-compliant deliveries (first shipment August 2024), Green Industry Level 4 status, and recognized ESG ratings from MSCI, FTSE Russell, Sustainalytics, and S&P Global. The company also raised a THB 1,500 million Green Bond and a THB 2,000 million Sustainability-Linked Loan in 2025. In June 2025 it completed an internal restructuring that transferred and dissolved subsidiary Sadao P.S. Rubber Co., Ltd. FY2025 closed with a net loss of THB 108.6 million driven by Q4 2025 flooding at the Hat Yai complex (THB 503.8 million Q4 loss), although Q1 2026 returned to a THB 384.1 million net profit, signaling recovery ahead of the planned 2026 rollout of its "SAM" Sri Trang AI Machine initiative.

Name

Sri Trang Gloves

Legal name

Sri Trang Gloves (Thailand) Public Company Limited

Website

https://sritranggloves.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Sri Trang Gloves (Thailand) Public Company Limited (STGT) is Thailand's largest disposable medical and protective rubber glove manufacturer, producing latex and nitrile examination, gamma-sterile, and surgical gloves across 13 domestic facilities (52B+ installed capacity) for 2,000+ OEM brand partners in 175+ countries.

Ownership category

akta.pro rank

Product category

Disposable Medical Glove Manufacturing

NAICS

Medical Equipment and Supplies Manufacturing (3391), Rubber Product Manufacturing (3262), Surgical Appliance and Supplies Manufacturing (339113)

SIC

Fabricated Rubber Products, Nec (3060), Surgical & Medical Instruments & Apparatus (3841), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047)

akta.pro primary industry

Disposable Gloves & Protective Household Wear (CRAJAGAI)

akta.pro secondary industries

Protective Disposable Wear (Masks, Gloves, Shoe Covers, Hairnets) (CRADALAJ), Food-Grade, Medical & Cleanroom Rubber Compounds (IMANAJAH)

Keywords

• Disposable medical gloves
• Latex examination gloves
• Nitrile protective gloves
• Surgical gloves manufacturing
• Rubber glove production

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Glove Manufacturing and Sales: STGT generates revenue primarily from the manufacture and sale of medical examination gloves and surgical gloves. The company operates 13 state-of-the-art facilities with an annualized installed capacity of over 52 billion rubber gloves. Revenue from sale of goods and services was THB 23,890.3 million in 2025.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

STGT manufactures and sells disposable medical examination gloves and surgical gloves made from natural rubber latex and nitrile. The company operates 13 state-of-the-art manufacturing facilities in Thailand with annualized installed capacity of over 52 billion rubber gloves, supplying products through OEM partnerships to more than 2,000 brands globally and through direct sales offices serving customers across 175+ countries.

Product overview

Sri Trang Gloves (Thailand) Public Company Limited (STGT) is a market leader in medical rubber gloves, offering a comprehensive portfolio of disposable examination and surgical gloves. The company produces both natural rubber latex gloves and synthetic nitrile gloves across five core product lines: Latex Powdered Examination Gloves, Latex Powder-Free Examination Gloves, Nitrile Powder-Free Examination Gloves, Gamma Ray Sterile Examination Gloves, and Surgical Gloves. These core products encompass multiple variants (Premium, Balance, Comfort, Spectrum, Sense, Force, Shield Plus, Chemo Plus, etc.) serving diverse applications including healthcare, dental, food handling, laboratory, industrial, cosmetic, and pharmaceutical sectors. The company also operates under multiple brands including Sri Trang Gloves, Sri Trang Satory, IM Glove, and Ventyv. With annualized installed capacity of over 52 billion rubber gloves across six factories in Thailand, the company delivers to over 175 countries worldwide and offers OEM partnership services to more than 2,000 brands globally.

Differentiator

Problem solved

Functional benefit

Brands

• Sri Trang Gloves: Core brand implementing strict quality controls to produce a wide range of medical examination gloves designed to deliver the highest level of satisfaction and protect every TOUCH with CARE.
• Sri Trang Satory
• IM Glove
• Ventyv

Products and services

• Latex Powdered Examination Gloves Natural latex examination gloves lightly powdered with USP Absorbable Dusting Powder. Available in Premium, Balance, and Comfort variants serving medical, dental, veterinary, laboratory, industrial, cosmetic, cleaning, and food applications. Compliant as medical examination glove and Category III protective glove.
• Latex Powder-Free Examination Gloves Natural rubber latex powder-free examination gloves offering comfortable touch without residue. Includes Spectrum, Low Friction, Grip Plus, and Comfort variants designed for medical, food handling, and protective applications. Made from sustainably managed forests using 100% biomass renewable thermal energy.
• Nitrile Powder-Free Examination Gloves Synthetic nitrile examination gloves offering better chemical resistance than latex. Includes Shield Plus, Sense, Force, Balance, Balance Plus, Comfort, Comfort Plus, and Chemo Plus variants for medical, industrial, and chemical protection applications. Sense variant offers tensile strength over 40MPa; Chemo Plus variant tested against 29 chemotherapy drugs per ASTM D6978.
• Gamma Ray Sterile Examination Gloves Sterile examination gloves processed with Gamma ray radiation ensuring high penetration and no residue. Includes Sterile Premium Latex Powdered and Sterile Low Friction Latex Powder-Free variants for laboratory, hospital, and pharmaceutical use.
• Surgical Gloves Vitaskin Latex Surgical Gloves made from 100% natural rubber, sterilized using gamma radiation. Designed for surgical and medical needs with exceptional precision and control for enhanced grip on surgical instruments during prolonged use.
• Ventyv Distribution Brand Ventyv is a distribution brand for Sri Trang Gloves products, serving markets worldwide with protective gloves. Operated through Sri Trang USA, Inc., the subsidiary which opened a new office in Chicago in 2025.

Quantifiable outcome

• 52+ billion gloves annual capacity across 13 state-of-the-art facilities
• +4 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and major.

• Sri Trang Agro-Industry PCLcoreStrategic or Co-development PartnerParent company within Sri Trang Group, providing fully integrated rubber production capabilities from upstream latex farming to downstream glove manufacturing. Sri Trang Group leads initiatives like Sri Trang Go Green for blue carbon restoration and marine ecosystem support.
• VentyvcoreChannel Partner/ Reseller/ DistributorDistribution brand for Sri Trang Gloves products, serving markets worldwide with protective gloves under the Ventyv brand.
• Over 2,000 OEM Brand PartnerscoreOEM/ Whitelabel/ Licensing PartnerSTGT provides OEM partnership services offering glove supply to over 2,000 brands worldwide, catering to specific market needs with customized packaging options.
• Global Leading Sterilization SpecialistmajorTechnology or IntegrationPartner for gamma ray radiation sterilization process with over 40 years of experience in providing safe and effective gamma radiation sterilization for STGT sterile gloves.
• FSC (Forest Stewardship Council)majorStrategic or Co-development PartnerFSC certification confirms that rubber forests are managed to preserve biological diversity and benefit local communities while ensuring economic viability. STGT products available as FSC certified on request.
• International Labour Organization (ILO)majorStrategic or Co-development PartnerAll six manufacturing facilities certified for social and labor ethics standards including ILO 11 Indicator of Forced Labor verification.
• Clean World Clean Gloves InitiativecoreStrategic or Co-development PartnerSTGT leads the Clean World Clean Gloves initiative promoting sustainable glove production and circular economy practices throughout the value chain.

Scale indicators14 records

Recent moves21 records

Expansion highlights6 records

Direct peers

• Supermax Corporation: Malaysian glove manufacturer with vertically integrated production and own-brand distribution (including Aurelia). Closely comparable to STGT on natural latex/nitrile product mix and global healthcare distribution model.
• Riverstone Holdings: Malaysian cleanroom and medical glove manufacturer serving healthcare, semiconductor, and pharmaceutical end-markets. Comparable to STGT's specialty glove positioning and serves similar export-driven global customer base.
• Kossan Rubber Industries: Malaysian integrated rubber products manufacturer with a major gloves division producing examination, surgical, and specialty gloves. Directly comparable to STGT on product breadth, OEM channel, and multi-factory scale.
• Top Glove Corporation: Malaysia-based world's largest manufacturer of rubber gloves, producing a broad range of latex and nitrile examination and surgical gloves. Directly comparable to STGT on product portfolio, OEM/whitelabel distribution model, and global healthcare customer base, with a meaningful cost-leadership position.
• Hartalega Holdings: Malaysian premium nitrile glove manufacturer known for high-tensile, lightweight nitrile formulations. Comparable to STGT's Sense Nitrile positioning and serves the same medical and industrial glove end-markets globally.
• Medicom: Canadian-headquartered manufacturer and distributor of dental, medical, and infection-prevention gloves. Comparable to STGT on dental/medical glove specialty lines and branded distribution through global subsidiaries.

Broad incumbents

• Ansell Limited: Australian-listed global leader in protective gloves and PPE across healthcare, industrial, and life sciences. Overlaps with STGT in medical examination and surgical gloves but at a more premium, branded, and diversified portfolio scale.
• Semperit AG Holding: Austrian industrial rubber products manufacturer with a medical gloves division. Comparable to STGT in European market access and rubber compounding expertise, though smaller scale and broader industrial rubber portfolio.
• Hartmann Group (PAUL HARTMANN AG): German medical and hygiene products manufacturer with a glove product line. Comparable to STGT in EU medical-device customer base and regulatory positioning (MDR/ISO 13485) though operating across broader wound care and hygiene categories.

Emerging players

• Shijiazhuang Blue Bin Chemical: China-based nitrile glove manufacturer serving medical and industrial markets. Comparable to STGT on nitrile product line and serves as a lower-cost emerging competitor in the global examination glove market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance22 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sri Trang Gloves