Ansell targets faster growth in China

By Richard Fu | July 8, 2014, Tuesday |

Online Edition

RUBBER products maker Ansell Ltd is aiming for quicker growth in China with additional investment, new products and acquisitions.

China accounted for 4 percent of Ansell’s global sales of US$1.37 billion in the 2013 fiscal year that ended on June 30. That’s not enough when compared with China’s share in the global economy, Chief Executive Magnus Nicolin said in Shanghai today.

The Melbourne-based company is the world’s largest rubber gloves manufacturer and the second largest maker of condoms.

“China is a younger market when it comes to certain technologies,” he said. For example, he added, the use of non-latex surgical gloves, which could avoid allergies, is still at a very low rate.

Ansell’s China sales are growing faster this year than last fiscal year when sales were up 14 percent, Nicolin said. Global sales rose 9 percent in fiscal 2013.

In addition to organic growth, Nicolin said it has been looking for M&A targets.

“In China, we are looking for companies that could either deliver market access or new technology,” he said.

Emerging markets represented 27 percent of Ansell’s global sales last fiscal year, compared with 19 percent in fiscal 2010.

Business Manufacturing

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Ansell targets faster growth in China

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