SINGAPORE -- Top Glove already accounts for 25% of the world rubber glove market, but it wants more. The Malaysian company was founded in 1991 and has become a giant business in only a little more than two decades. Lim Wee Chai is its chairman.
Lim's goal is to raise Top Glove's world market share to at least 30%, and to do this without any intention of diversifying the company's product. The focus is all on the rubber glove industry.
Top Glove's main factory is about an hour's drive from Kuala Lumpur. The company is not content to just succeed in Malaysia. Hanging at the original one-story factory building is a sign that reads, "The world is our market."
The maker plans to invest 200 million ringgit in the year through August 2014 to purchase a rubber plantation in Indonesia and expand factories. With strong demand for medical gloves, Lim Wee Chai's goal of 30% could soon be in sight.