BANGKOK -- Sri Trang Gloves Thailand posted a record net profit in 2020 as the COVID-19 pandemic led to a huge increase in demand for the company's protective gear, persuading it to invest 48 billion baht ($1.6 billion) to triple its capacity by 2026.
Strong demand for medical-use gloves translated to a nearly twentythreefold expansion in net profit, to an all-time high of 14.4 billion baht. Sri Trang Gloves' revenue increased 2.5 times to a record high of 30.4 billion baht.
