Kuala Lumpur: Malaysian glove manufacturer WRP Asia Pacific Sdn Bhd will begin winding down its operations from April 15 amid disruptions to global supply chains,
The Edge Malaysia reported.
The company cited severe disruptions in energy and petrochemical supply chains caused by the ongoing Middle East conflict as a key factor behind the decision.
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It said rising costs of petrochemical-derived raw materials and uncertainty in procurement timelines had significantly affected its operations.
Suppliers were also increasingly requiring advance payments, adding further strain to the company’s financial position.
The disruption has been linked to broader global developments, including tensions affecting oil supply routes such as the Strait of Hormuz, which have driven up production costs across industries.
Industry players have warned that shortages of key materials such as nitrile latex could impact production, with raw material prices rising sharply amid supply constraints.
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WRP is currently awaiting feedback from shareholders, while the possibility of potential buyers for the company remains open.
