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19 Key Numbers Investors Should Know from Top Glove’s Latest Annual Report

Top Glove (SGX: BVA), which has a primary listing in Malaysia, held its secondary listing in Singapore back in mid-2016.

The firm is the world’s largest rubber glove manufacturer with 2,000 customers worldwide. The glove maker has 28 factories and exports to over 195 countries. There is much more to learn about Top Glove’s business. For that, we can turn to its latest annual report for its financial year ended 31 August 2016 (FY2016).

From the report, I pulled out 19 interesting numbers that investors may want to know about:

1. Top Glove celebrated its 25th anniversary in 2016. The glove manufacturer was founded in 1991 by Tan Sri Dr Lim Wee Chai. As mentioned earlier, Top Glove has risen to become the largest rubber glove manufacturer in the world. Lim is 58 years old and directly owns 29% of Top Glove’s shares.

2. Top Glove exports to 195 countries. This includes 44 countries in Latin America, 47 countries in Europe, 45 countries in Africa, 33 countries in Asia, eight countries in the Middle East, and 15 countries in Oceania.

3. The glove manufacturer has 28 factories which houses 500 production lines and 10,000 employees. The factories have a capacity of 46.6 billion gloves per year. Top Glove expects to have 540 production lines with a capacity of 52.4 billion gloves by April 2017 when its 29th factory opens.

4. The firm’s R&D centre had over 100 researchers at the end of FY2016, a sizable increase from the headcount of 50 just a year ago. Top Glove has big ambitions as it plans to increase its global rubber glove market share from the current 25% to 30% in the future. Top Glove is on the lookout for merger and acquisition opportunities as well to enable it to achieve its end goal.

5. To end with a bit of trivia, Top Glove assigns a number for each of its 28 factories. For reasons unknown to me, there is no Factory 1, Factory 8, Factory 9 or Factory 28. But there is a Factory 29. Top Glove also has a corporate song which comes in English, Bahasa Malaysia, Mandarin and Thai.

For more on Top Glove, you can go here or here.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.