Top Glove Company Case Analysis

COMPANY BACKGROUND

Top Glove is one of the companies which produce the world's largest rubber glove. This company has been established since 1991 and was listed on Bursa Malaysia Securities Berhad on 27 March 2001. There are three production centres of rubber gloves are built to accommodate growth demand for these gloves by the customer. The company began planning the expansion of its business through the construction of the plant by 20 factories to meet the demand of customers from outside and within the country. The main focus is to ensure that the company could be "One-stop Complete Glove Sourcing Centre" and to ensure that the company could be variety of attempts have been made to ensure the company can achieve its goals where emphasis is given in research and development to produce a wide and diversified range of high quality and value-added glove products in order to cater to the ever-increasing expectations of end-users.

Top Glove's business was established by Dato' Dr Lim Wee Chai and his wife Tong Siew Bee, with assisted by several other board members in facilitating the movement in the administration of this company. The main mission of this company is to be a world class glove manufacturer providing top quality products with excellent services through continuous improvement and innovation. The company's vision is to ensure that the company could be the world's leading manufacturer with excellent quality glove products and services that enrich and protect human lives. Both the mission and vision is very important to the company as it became one of the company's efforts to achieve the goals set.

Top Glove has a shareholder fund of RM1.09 billion or USD358 million with an annual turnover of about RM2.08 billion or USD682 million as at 31 August 2010 with an increase of 35% from previous year. From the information