Molding Momentum

Glove mold manufacturer Mark Dynamics has capitalized from the surging demand for medical gloves.

- Robert Yota

The health crisis due to the COVID-19 pandemic has initiated a very sizable demand for personal protective equipment, with rubber gloves being strictly mandatory for hospital personnel. According to the Malaysia Rubber Glove Manufacturers Association (MARGMA) ‘s most recent data, the global demand for rubber gloves in 2018 was the highest ever in the last decade, with 268 billion pieces, up 15.5% from 232 billion in 2017. MARGMA estimates that the global demand for rubber gloves will reach 300 billion in 2019. As rubber gloves demand soared, order for glove molds has increased as well.

Publicly listed PT Mark Dynamics Indonesia is a glove mold producer that has gained since the start of the pandemic. The company recorded net sales of Rp 96.81 billion in the first quarter of this year, up 9.94% from Rp 88.06 billion in the same period last year. Most of the revenue was generated from exports with the domestic market accounted for only 5%. The majority of Mark’s sales were exports to Malaysia (55%), followed by China (20%), Thailand (15%), and Vietnam (5%).