Lim Wee-Chai

Tan Sri Dr Lim Wee Chai is a Malaysian businessman. He is the Executive Chairman and Founder of Top Glove Corporation Bhd, a rubber glove making company, which was founded in 1991 and is listed on Bursa Malaysia (Kuala Lumpur Stock Exchange) and the main board of the Singapore Exchange (SGX). Lim was listed by Forbes as Malaysia's 14th richest person in 2020.[2]

This is a Chinese name; the family name is Lim (林).

Tan Sri Dr.

Lim Wee Chai
Tan Sri Dr Lim Wee Chai, Executive Chairman at Top Glove Corporation Bhd
Born (1958-01-07) 7 January 1958
NationalityMalaysian
OccupationFounder and Executive Chairman, Top Glove Corporation Bhd
Net worth$3.4 billion (June 2020)[1]

Education

Lim graduated with a Bachelor of Science Degree with Honours in Physics in 1982, from University Malaya, and obtained his Master of Business Administration in 1985 from Sul Ross State University in Texas, United States. He also obtained his PhD in Management from the University of Selangor in Malaysia in 2015, and was conferred an Honorary Doctorate in Business Administration by Oklahoma City University in the United States in 2016. In August 2018, Lim was also conferred an Honorary Doctorate in Entrepreneurship by Management & Science University, Shah Alam, Malaysia[3][4]

Career

In 1991, Lim founded Top Glove, a rubber glove manufacturing and trading business which started with one production line. Top Glove has since emerged as the world's largest manufacturer of gloves, capturing about 26% of the world market share.[5] Today, the company owns and operates 45 manufacturing facilities with a total of 700 production lines in Malaysia, Thailand, and China. These factories have a production capacity of 78.7 billion pieces of gloves per year, to meet the demand of over 2,000 customers in more than 195 countries. In 2017, Lim announced that Top Glove would launch a new condom business in 2018 with a RM30 million (US$7 million) investment.[6]

Investments

In 2019, Lim Wee Chai holds a total stake of 10.49% in Tropicana Corp Bhd. He has also been redesignated from non-executive deputy chairman to non-executive chairman of the board.[7] In March 2020, Lim emerged a substantial shareholder in LBS Bina Group Bhd after purchasing 103.13 million shares or a 6.81% stake in the property developer [8].

Involvement in associations

Lim has been actively involved in many glove industry-related associations and organisations in Malaysia. He served as the president of the Malaysian Rubber Glove Manufacturers' Association (MARGMA) from 1997 to 1999. Prior to that, he served as the Vice-President, Honorary Secretary and Treasurer of MARGMA for the past seven years. In addition, he was also the director of the Association of Malaysia Medical Industries (AMMI) and board member of the Malaysian Rubber Board in 1998 and 1999. In view of Lim's experience in manufacturing and global business, he was appointed as a Council Member of the Federation of Malaysian Manufacturers (FMM) in 2010 and subsequently in 2011, as an Executive Council Member of The East Asia Business Council (EABC) by the Minister of International Trade and Industry Malaysia. In 2013, he was elected National Vice President of the Federation of Malaysian Manufacturers (FMM) and was President of the Federation of Malaysian Manufacturers (FMM) in 2016/2017. He has also been reappointed as EPF Board Member (2019 to 2021) by the Ministry of Finance and served as a Director and Board Member of University Malaya from 2015 to 2018.[9] In addition, he holds the roles of Honorary President of The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM),[10] The Chinese Chamber of Commerce and Industry of Kuala Lumpur and Selangor (KLSCCCI) and the Malaysia-China Chamber of Commerce as well as Honorary Advisor of the Klang Chinese Chamber of Commerce, Lim Association of Malaysia, as well as the Federation of Chinese Associations Malaysia (Huazong).[11]

gollark: Modern supply chains are complex, and while we could not have those you would then lose out on stuff like microelectronics, medical things, and the economies of scale meaning you can have nice things cheaply.
gollark: How is that better? We need widescale coordination to do anything.
gollark: It's *great* if you like dying of otherwise preventable diseases, after a life basically free of any modern amenities consisting of... hunter-gathering, or whatever people did.
gollark: * carcinize
gollark: Suuuuuure.

References
  1. Forbes.com
  2. "Lim Wee Chai". Forbes. Retrieved 16 March 2020.
  3. "Oklahoma City University Commencement 2016" (PDF). Oklahoma City University (OKCU). Retrieved 21 November 2016.
  4. "Top Glove founder awarded doctorate". The Sun Daily. Retrieved 21 November 2016.
  5. "Lim Wee Chai". Forbes. Retrieved 22 October 2018.
  6. "Top Glove to kick off condom business next year". South China Morning Post. Retrieved 22 October 2018.
  7. "Tycoon Danny Tan takes back reins of Tropicana". The Edge Markets. 24 January 2019. Retrieved 11 February 2019.
  8. "Top Glove founder emerges as major shareholder of LBS Bina".
  9. "Lim Wee Chai's appointment to UM board not political | The Malaysian Insight". www.themalaysianinsight.com. Retrieved 11 February 2019.
  10. "Honorary Presidents - acccim". www.acccim.org.my. Retrieved 1 March 2019.
  11. "Wee Chai Lim: Executive Profile & Biography". Bloomberg. Retrieved 28 October 2018.
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