Global protective glove manufacturer Ansell is one of the few large companies that has been able to reaffirm its profit projections for the year despite the Covid-19 coronavirus pandemic.
The manufacturer of rubber industrial and surgical gloves told investors it was experiencing very strong demand for its AlphaTec hand and body chemical protection products.
There was high demand for its single use and surgical examination glove ranges.
“However we expect this to be offset by declining demand for some industrial products, by temporary lockdowns, by export restrictions within the EU and elsewhere, by restrictions imposed to contain the spread of the virus combined with lowered economic growth outlook.
“(And)…there is an increasing likelihood of delays and possible disruptions to transport and local distribution.”
Ansell manufactures in its own factories and in sub-contracted firms and has stepped up Covid-19 countermeasures.
There is entry screening for staff, social distancing and sanitation of surfaces.
The company has $515 cash and undrawn facilities on hand and no debt maturities in the coming 12 months.
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