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Asia300

Top Glove to raise selling price of products in February

To repeat this month's two percentage point price increase to offset higher cost

A worker inspects gloves at a Top Glove factory in Klang outside Kuala Lumpur.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's Top Glove will raise the selling price of its products by two percentage points in February, repeating this month's move as the world's largest rubber glove producer by capacity seeks to offset higher costs, its chairman said Tuesday.

"Top Glove has adjusted the price until February but if the ringgit continues to climb against U.S. dollar, then we can increase by another 2% in the following months," Lim Wee Chai told Nikkei Markets on the side lines of the company's shareholders' meeting.

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