Glove makers hope 2013 Budget provides incentives for the rubber glove industry

KUALA LUMPUR (Sept 21): The Malaysian Rubber Glove Manufacturers Association (MARGMA) is hoping that the 2013 Budget introduces more tax incentives for the rubber glove industry.

In a statement Friday, MARGMA president Lim Kwee Shyan said among the association hoped that the Budget would reinvestment allowance and pioneer status for the rubber glove producers and exporters who aggressively reinvested to automate their production lines and develop more innovations for glove manufacturing specifically for use in the medical industry.

He said the assistance by the government would help the rubber glove industry move towards greater mechanisation and automation, and reduce dependency on foreign labour.

Lim said MARGMA also hoped to see a clear policy and tariff structure for the energy sector and water supply as well as commitment and a consistent policy for the supply of foreign labour, as these were the major issues affecting the industry.

“We have come a long way in innovating our products in the last 25 years. We understand the need to reduce reliance on foreign workers. From a practical point of view, our industry needs a longer timeframe to mechanise and reach full automation.”

Lim said that for the last 15 years, Malaysia had been the world’s top supplier of rubber gloves.

Last year, the country exported close to 110 billion pieces of rubber gloves to more than 180 countries, bringing in RM9.89 billion in export revenue, he said.

According to the Malaysian Rubber Export Promotion Council, the export value for rubber gloves for the first six months of this year stood at RM5.16 billion.

Source: http://my.news.yahoo.com/glove-makers-hope-2013-budget-065108610.html

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