Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Malaysia's Top Glove says production hurt by U.S. ban

CommoditiesApr 08, 2021 06:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Top Glove logo is pictured outside a factory in Klang

KUALA LUMPUR (Reuters) - Malaysia's Top Glove said on Thursday its glove production has been affected because of a U.S. ban on its products over allegations they are made with forced labour.

Two units of the world's largest producer of latex gloves were banned by the United States in July last year. And last month, U.S. authorities said the ban now extended to all disposable gloves made by Top Glove in Malaysia.

A "certain percentage" of Malaysian production has been affected because of the ban, but the impact will be temporary, Top Glove chairman Lim Wee Chai said on a call with reporters.

He did not provide detail on the extent of the impact.

The company also said it has stopped all shipments to the United States from Malaysia and that it was working "expeditiously" to resolve forced labour issues.

Ethical trade consultancy Impactt, appointed by Top Glove to assess its trade and labour practices after the U.S. ban, said last month that it had found several indicators of forced labour at the company.

As at January, Impactt said it "no longer" found indicators of forced labour among direct employees such as abuse of vulnerability, restriction of movement, excessive overtime or the withholding of wages. But it identified other areas that the company was yet to fix fully.

Malaysia's Top Glove says production hurt by U.S. ban
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
White trash trash
White trash trash Apr 08, 2021 7:34AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
dont trust businesses from malaysia, they are najib!
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email