The cost of production determines the price of the product. Latex for protective gloves has finally risen due to the increase in the cost of latex production. Dow Reichhold, Inc. of the United States has announced that the price of latex used for gloves has been increased by 15% globally. Latex products are mainly used for the production of dipping inner protective gloves.
According to Rob Ewing, the company's global marketing manager, the price of energy and raw materials continues to rise, and prices have to be raised to ensure profitability for continued investment.
According to Thomas Kraska, the company's vice president of supply, there is a serious imbalance in the prices of raw materials and latex products. For example, since the beginning of 2002, the average increase in the production of butadiene, a raw material for nitrile rubber, has risen to 300%, while nitrile latex has risen over the same period. The price is only 10%.
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