Latex manufacturer Synthomer expects strong performance in the second quarter as the Iran war disrupts Asian competitors

Thanks to strong market demand and pricing power, as well as Asian competitors struggling to cope with the impact of supply disruptions, the company's share price once surged by 33%. Synthomer stated that since the outbreak of the Iran war, it has been able to pass higher raw material and energy costs on to its customers. With competitors (particularly in Asia) facing production disruptions, the company has increased shipments of several basic chemical products. As a manufacturer of polymers such as surgical glove latex, the company said the conflict has brought it "tremendous opportunities and challenges." Read more