KOSSAN RUBBER INDUSTRIES BERHAD (7153.KL)
- Sector
- Healthcare
- Price
- RM 1.20 (0.84%)
- Market cap
- 3.0B MYR
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About KOSSAN RUBBER INDUSTRIES BERHAD
Company Description
Kossan Rubber Industries is a rubber products manufacturer and one of the world's largest producers of rubber gloves, founded in 1979. The company operates across three main business segments: gloves (highly concentrated in the nitrile segment), technical rubber products for construction and automotive industries, and cleanroom products. It serves buyers across key markets including North America, Europe, and Asia-Pacific.
Business Model
Kossan generates revenue primarily through the manufacturing and sale of rubber gloves, technical rubber products, and cleanroom products. The glove division focuses on volume sales and average selling prices (ASP) influenced by raw material costs and exchange rates. The company is strategically shifting towards specialty cleanroom gloves to secure higher margins and customer stickiness, differentiating from generic medical glove peers. It leverages a strong balance sheet with significant net cash and employs operating efficiency and cost-saving initiatives to manage profitability.
Revenue Segment
In FY2025, the revenue breakdown was: Gloves 85%, Technical Rubber Products 10%, and Cleanroom 5%.
Operational Scale
Kossan has an annual glove production capacity of 24.5 billion pieces and a compounding capacity exceeding 10,000 metric tons for technical rubber products. The current utilization rate stands at 60-70%. The company targets building a new cleanroom glove production line with an annual capacity of 720-840 million pieces by the end of 2026.
Latest KOSSAN RUBBER INDUSTRIES BERHAD news
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