In a statement today, the gloves manufacturer said the fire occurred at Block A of its Factory 27 at approximately 5pm and was brought under control within an hour.

There were no casualties reported, it said.

“Other than a section of Block A, all other areas of the factory were not affected and Block B is still running as usual,” Top Glove said.

Thus, the group said orders from the production lines in Block A of Factory 27 have been diverted to Block B and another Top Glove factory in Klang, Selangor.

“In the meantime, the fire department has given the site clearance approval and the necessary cleaning, repair and restoration work at Block A is underway,” it said.

Top Glove has a total of 50 factories, of which 43 factories are in Malaysia, Thailand (five), China (one) and Vietnam (one), with 100 billion pieces of glove production capacity per annum.

For its second quarter ended Feb 28, 2023 (Q2 FY2023), the group posted a net loss of RM164.7 million from a net profit of RM87.55 million a year ago, translating to a loss per share of 2.1 sen.

This brings the total net loss for the first half of the year to RM332 million. Its revenue also fell 58.19% to RM618.01 million from RM1.48 billion a year ago.

Top Glove’s share price was up 4.79% or 4.5 sen to 98 sen today, giving it a market capitalisation of RM8.08 billion.