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Ansell net profit after tax down 27.1pc to $US77m, margins on medical gloves will continue to slide for another year

CEO Neil Salmon says freight costs are starting to stabilise but the pain of having to sell high-priced stock will endure until late this year. ....

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Ansell profits slide as demand for medical gloves slows and freight costs jump

Margins are being crunched as freight costs jump and demand slows, while a factory shutdown in Malaysia is adding to the headaches. ....

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Company | ANN | Ansell Limited News, Analysis, Announcements and Results

Company | ANN | Ansell Limited News, Analysis, Announcements and Results
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2 ASX shares hitting record highs this week


2 ASX shares hitting record highs this week
These 2 shares have extended their run in 2021.
Multi Asset Portfolio Strategist at Zecca Capital Partners
Zach is a hedge fund analyst with an extensive background in equities and portfolio management. Alongside contributing to The Motley Fool, he works in portfolio strategy with a multi-asset and multi-strategy hedge fund manager. As such, he has a unique approach to research and investing, taking a top down approach to identifying unique value propositions that sit within his circle of competence. Zach enjoys the more Foolish things in life, in addition to Rugby.
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Melbourne group takes on Ansell in gloves


Melbourne group takes on Ansell in gloves
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Melbourne-based manufacturer Softmed pledged to deliver cheaper prices for single-use medical gloves than global $5 billion giant Ansell when it begins making around 2.5 billion gloves annually later this year.
General manager Sergiy Tsimidanov said a new plant being established in the Melbourne suburb of Craigieburn will complement its factory at Campbellfield in the city which has produced respirators and 100 million face masks in the past year.
Softmed general manager Sergiy Tsimidanov says being able to produce the gloves in Melbourne will be a huge plus. 
Mr Tsimidanov said countries had realised that local production was crucial in a pandemic for both security of supply and to keep prices down for products that were in huge demand. ....

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