Top Glove Corporation Bhd

What Top Glove Corporation Bhd does

Top Glove Corporation Bhd, founded in 1991 and headquartered in Shah Alam, Selangor, Malaysia, is the world's largest manufacturer of rubber gloves. The company operates 51 factories across Malaysia, Thailand, and Vietnam, comprising 784 production lines with an annual capacity of 95 billion gloves. Its product portfolio spans nitrile, latex, surgical, and cleanroom gloves, complemented by specialized variants (Metal Detectable gloves for food processing, Halogen-Free Low Sulphur gloves for EV/automotive/aerospace, accelerator-free Medical Nitrile ElastiCore) and an eco-friendly BIOGREEN sub-brand of biodegradable and FSC-certified gloves. Non-glove healthcare products — condoms, face masks, and exercise bands — extend the protective-product portfolio.

The company sells primarily through a B2B sales motion, exporting to 2,000+ customers across 195 countries in healthcare, industrial, food processing, and consumer end-markets. Pricing is quotation-based and ASPs fluctuate with raw material costs; recent ASPs peaked at US$27-28 per 1,000 pieces in May 2026 and are expected to ease to US$21-22 for July 2026 deliveries as nitrile raw material costs decline. Manufacturing economics are supported by the ability to switch production lines between nitrile and natural rubber, providing a hedge against raw material and geopolitical volatility.

Top Glove is dual-listed on Bursa Malaysia (TOPGLOV, 7113) and the Singapore Exchange (TOPG.SG), with an ADR (TGLVY) in US OTC markets. Q3 FY2026 revenue was RM1.09 billion and 9-month FY2026 revenue reached RM3.0 billion (up 15% YoY), with Q3 net profit of RM80.9 million more than doubling year-on-year on 34% sales volume growth. The company employs 10,200 people, is led by founder/Executive Chairman Tan Sri Dr Lim Wee Chai (~37.9% ownership), and is in the middle of a leadership transition to Joint Managing Directors Lim Jin Feng and Ng Yong Lin effective April 1, 2026.

Name

Top Glove Corporation Bhd

Legal name

Top Glove Corporation Bhd

Website

https://topglove.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Top Glove Corporation Bhd, founded in 1991 in Malaysia, is the world's largest rubber glove manufacturer, operating 51 factories across Malaysia, Thailand, and Vietnam with 95 billion gloves of annual capacity. It supplies 2,000+ customers in 195 countries across healthcare, industrial, food processing, and consumer segments.

Ownership category

akta.pro rank

Product category

Medical & Industrial Rubber Gloves

NAICS

Apparel Accessories and Other Apparel Manufacturing (31599), Rubber Product Manufacturing (3262), Surgical Appliance and Supplies Manufacturing (339113)

akta.pro primary industry

Disposable Gloves & Protective Household Wear (CRAJAGAI)

akta.pro secondary industries

Gloves & Mittens Manufacturing (IMAOAFAB), Sports & Outdoor Accessories Manufacturing (Performance Gloves/Headwear) (IMAOAFAI)

Keywords

• Rubber glove manufacturing
• Nitrile gloves
• Latex gloves
• Surgical gloves
• Cleanroom gloves

Headquarters

HQ city

Klang

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Rubber and Nitrile Glove Sales: Primary revenue from manufacturing and selling rubber gloves including nitrile, latex, surgical, cleanroom, and industrial gloves. Revenue derived from volume-based sales to healthcare, food processing, industrial, and general consumer markets across 195 countries.
2. Non-Glove Healthcare and Lifestyle Products: Revenue from related products including condoms, face masks, and exercise bands, leveraging existing distribution channels and customer base.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Top Glove Corporation Bhd is the world's largest manufacturer of rubber gloves, producing nitrile, latex, surgical, and cleanroom gloves across 51 factories and 784 production lines in Malaysia, Thailand, and Vietnam, with 95 billion gloves of annual capacity. The company also manufactures a range of non-glove healthcare and lifestyle products including condoms, face masks, and exercise bands, and exports to more than 2,000 customers in 195 countries.

Product overview

Top Glove Corporation Bhd is the world's largest rubber glove manufacturer offering a comprehensive range of protective gloves and healthcare products. The product portfolio centers on core glove offerings (nitrile, latex, surgical, and cleanroom gloves) complemented by specialized variants and an eco-friendly BIOGREEN® sub-brand. The company also extends into non-glove healthcare products including condoms, face masks, and exercise bands. Specialized products include Metal Detectable Nitrile gloves for food safety applications and Halogen Free Low Sulphur gloves for EV/automotive/aerospace industries. The BIOGREEN® line features FSC-certified latex household gloves and biodegradable diamond sandblast nitrile gloves with verified environmental performance. With operations spanning 51 factories across Malaysia, Thailand, and Vietnam, Top Glove exports to over 2,000 customers in 195 countries worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• BIOGREEN: Biodegradable gloves product line including BIOGREEN R Biodegradable Nitrile Powder Free Gloves and BIOGREEN FSC Certified Latex Gloves
• ElastiCore
• TOPGLOV Control

Products and services

• Nitrile Gloves Synthetic rubber gloves offering superior chemical resistance and latex-free properties for medical, industrial, and general applications. Available in multiple variants including examination, accelerator-free, metal detectable, halogen-free low-sulphur, and biodegradable BIOGREEN formulations.
• Latex Gloves Natural rubber latex gloves providing excellent elasticity and tactile sensitivity for healthcare and industrial use, including FSC-certified household variants under the BIOGREEN sub-brand.
• Surgical Gloves Sterile gloves designed for surgical procedures, meeting stringent medical quality standards including ASTM D6319, EN455, and ISO 13485:2016.
• Cleanroom Gloves Gloves designed for controlled environments requiring minimal particle generation and static control, serving pharmaceutical, semiconductor, and biotechnology cleanroom applications.
• Condoms Healthcare and lifestyle products complementing the company's protective equipment portfolio, leveraging existing distribution channels and customer base.
• Face Masks Protective face masks for healthcare and general use, extending Top Glove's personal protective equipment portfolio beyond gloves.
• Exercise Bands Fitness and rehabilitation products expanding the healthcare lifestyle offerings, manufactured using Top Glove's rubber processing capabilities.
• Medical Nitrile ElastiCore Medical-grade nitrile glove with accelerator-free formulation designed to reduce allergic reactions for healthcare and medical users.
• Metal Detectable Nitrile Powder Free Glove Food-safe nitrile glove with magnetic metal additive detectable by metal detector machines to prevent contamination from torn glove fragments, detecting fragments as small as 5mm x 5mm. Available in Space Blue and Black colors and certified to EU No. 10/2011, KFDA, JETRO, and FDA 21 CFR 177.2600. Targeted at food processing industries.
• BIOGREEN Biodegradable Diamond Sandblast Textured Nitrile Powder Free Gloves Black biodegradable nitrile glove with diamond sandblast texture for exceptional grip in dry, wet, and oily conditions. Tested for 76% biodegradation under ASTM D5511 after 660 days, with heavy metals tested per EPA Method 3052. Targeted at automotive, heavy industry, construction, and armed forces.
• BIOGREEN FSC Certified Latex Polymer-Chlorinated Household Glove
• BIOGREEN FSC Certified Latex Flocklined Household Glove
• Halogen Free Low Sulphur Nitrile Powder Free Gloves

Quantifiable outcome

• 138% profit increase in Q3 FY2026 vs prior year
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Hartalega Holdings Berhad: Hartalega is the world's second-largest nitrile glove manufacturer and the largest in Malaysia by capacity. It is the most direct comparable to Top Glove, with a similar focus on nitrile examination gloves, healthcare end markets, and Malaysia-based production at large scale.
• Ansell Limited: Ansell is a global leader in protective gloves and healthcare solutions with a broader specialty/industrial product portfolio. It competes with Top Glove in nitrile and latex examination gloves and industrial hand protection, particularly in higher-margin specialty segments.
• Kossan Rubber Industries Bhd: Kossan is one of the top Malaysian rubber glove manufacturers producing nitrile and latex gloves for medical and industrial applications. It competes with Top Glove in the same B2B healthcare/industrial channels and operates a similar multi-product, multi-region manufacturing model.
• UG Healthcare Corporation Limited: UG Healthcare is a Singapore-headquartered, Malaysia-manufacturing glove producer with its own distribution brand in Europe and Africa. It is directly comparable to Top Glove on nitrile and latex gloves and multi-region B2B distribution.
• Sri Trang Gloves (Thailand) Public Company Limited: Sri Trang is the largest rubber glove manufacturer in Thailand and one of the world's top producers, with vertically integrated natural rubber supply. It is directly comparable to Top Glove on product, end markets, and Southeast Asian manufacturing footprint.
• Supermax Corporation Berhad: Supermax is a major Malaysian rubber glove manufacturer with its own brand and distribution network, producing nitrile and latex examination gloves. It is comparable to Top Glove across product mix, customer base (healthcare distributors globally), and exposure to ASP cycles.
• Riverstone Holdings Limited: Riverstone is a Malaysia-based cleanroom and medical glove manufacturer with strong exposure to semiconductor and healthcare end markets. It is directly comparable to Top Glove's cleanroom glove line and similar healthcare customer base.

Broad incumbents

• Cardinal Health, Inc. Cardinal Health is a major US healthcare distributor that supplies medical gloves (including private-label) to hospitals. It is a broader incumbent in the same end market as Top Glove but is primarily a distributor rather than a dedicated glove manufacturer.
• Mölnlycke Health Care AB: Mölnlycke is a Swedish global medical solutions company selling surgical gloves, wound care, and infection prevention products. It overlaps with Top Glove in surgical and examination gloves but operates a broader medical solutions portfolio.
• Medline Industries, LP: Medline is one of the largest privately held medical supplies manufacturers and distributors in the US, with gloves as a major product line. It is a broader incumbent that competes with Top Glove in healthcare procurement but is not a dedicated glove manufacturer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments

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

Frequently asked questions about Top Glove Corporation Bhd