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2026-04-08 14:41:32
[Middle East Conflict Disrupts Supply Chains, Malaysian Rubber Glove Manufacturer WRP to Gradually Shut Down Operations] (1) Malaysian rubber glove manufacturer WRP Asia Pacific Sdn announced that due to severe disruptions to the global energy and petrochemical supply chains caused by the Middle East conflict, the company will gradually reduce its business operations starting this month (April) and will begin the closure process on April 15. (2) In a letter to customers, the company stated that it was forced to make this difficult decision due to "significant" increases in the cost of petrochemical-derived raw materials and chemicals, uncertain procurement schedules, and increased demands from suppliers for advance payments. (3) The US-led war is causing the biggest oil supply shock in decades, pushing up inflation and disrupting financial markets. Industries such as glove manufacturers that rely on imported nitrile latex (whose price is linked to the energy market) face severe risks.
