There is always news happening at YTY and in the industry. Browse the latest news and industry updates to keep abreast of current trends, market conditions and timely topics of today.
YTY is pleased to announce the appointment of Harinder Kaur to its leadership team to focus on Social Compliance and Corporate Governance initiatives. Vikram Hora, Chief Executive Officer of YTY, notes “Social compliance concerns have remained at the forefront of our industry in recent months, especially as it relates to the treatment of the foreign workers that are employed in our sector.
YTY is pleased to donate one million Nitrile single-use Examination gloves to healthcare workers in China to assist them to fight the Coronavirus (2019-nCoV), which has thus far infected over 10,000 people and taken the lives of 213. The giving was part of a larger pledge by leading manufacturers in Malaysia of single-use Examination gloves made from Natural Rubber and Nitrile.
Given the increasing public review and commentary on the topic of social compliance as it relates to manufacturers of single-use Examination and Surgical gloves, YTY Group, as a large and long-standing member of this industry, has felt it necessary to clarify our position on this important topic. It is our hope that through this statement we provide guidance on our social compliance policies and practices, and the future direction we seek to take on this matter.
In the spirit of giving during the celebrations for “Hari Merdeka,” the official Independence Day for Malaysia, YTY launched a company-wide CSR initiative to bring joy to the children of three orphanages in the Lekir neighbourhood of Perak. These orphanages were Rumah Kebajikan Kanak-Kanak Sanathana (Padang Astaka), Rumah Waswasan Orphanage (Desa Manjung), and Rumah Haruman Kasih (Ayer Tawar).
Gas Malaysia Berhad announced a surprise increase in natural gas prices, with only a three-day notice. The natural gas price hike increased from RM 32.38 to RM 34.12 per MMBtu, equivalent to a 5.4% increase for Tariff Category F, which is the tariff category glove manufacturers are subject to. This tariff is higher than the base tariff at RM 32.74 per MMBtu as announced in the road map in December 2016.
YTY is pleased to announce the appointment of Harinder Kaur to its leadership team to focus on Social Compliance and Corporate Governance initiatives. Vikram Hora, Chief Executive Officer of YTY, notes “Social compliance concerns have remained at the forefront of our industry in recent months, especially as it relates to the treatment of the foreign workers that are employed in our sector.
YTY is pleased to donate one million Nitrile single-use Examination gloves to healthcare workers in China to assist them to fight the Coronavirus (2019-nCoV), which has thus far infected over 10,000 people and taken the lives of 213. The giving was part of a larger pledge by leading manufacturers in Malaysia of single-use Examination gloves made from Natural Rubber and Nitrile.
Given the increasing public review and commentary on the topic of social compliance as it relates to manufacturers of single-use Examination and Surgical gloves, YTY Group, as a large and long-standing member of this industry, has felt it necessary to clarify our position on this important topic. It is our hope that through this statement we provide guidance on our social compliance policies and practices, and the future direction we seek to take on this matter.
In the spirit of giving during the celebrations for “Hari Merdeka,” the official Independence Day for Malaysia, YTY launched a company-wide CSR initiative to bring joy to the children of three orphanages in the Lekir neighbourhood of Perak. These orphanages were Rumah Kebajikan Kanak-Kanak Sanathana (Padang Astaka), Rumah Waswasan Orphanage (Desa Manjung), and Rumah Haruman Kasih (Ayer Tawar).
Gas Malaysia Berhad announced a surprise increase in natural gas prices, with only a three-day notice. The natural gas price hike increased from RM 32.38 to RM 34.12 per MMBtu, equivalent to a 5.4% increase for Tariff Category F, which is the tariff category glove manufacturers are subject to. This tariff is higher than the base tariff at RM 32.74 per MMBtu as announced in the road map in December 2016.
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