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Ansell Limited

Australia · ASX: ANN.AX · Market cap: $4.5B · P/E: 22.2 · P/S: 2.1

Ansell makes gloves and protective gear that keep workers and medical staff safe.

Ansell makes the gloves people wear when the job is dangerous or delicate. That means a surgeon snapping on sterile gloves before an operation, a nurse handling a needle, or a factory worker dealing with sharp metal and harsh chemicals.

Ansell Limited (ANN.AX) Single-use examination and surgical gloves: line art illustration of A pair of pale nitrile examination gloves laid flat
Nitrile Exam Gloves
MICROFLEX gloves are worn once and thrown away to help stop contamination.

The business is split into two halves. One half serves industrial customers, selling heavy-duty protective gloves and safety gear for construction, manufacturing, and chemical work. The other half serves healthcare, selling surgical and examination gloves, plus protective clothing, to hospitals and clinics. The healthcare side is the steadier, more recurring business, because hospitals need a fresh supply of gloves every single day. Customers pay for protection they can trust. A glove that tears at the wrong moment is worthless, so hospitals and factories tend to stick with brands they know rather than chasing the cheapest option. Ansell sells against big rivals like Top Glove Corporation and Hartalega Holdings, which dominate the mass-market glove trade and compete hard on price. Ansell's answer is to lean toward higher-spec products and its own brands, where it can charge more than the commodity players.


The company was founded back in 1899 in Melbourne as a rubber goods maker, and it has spent years reshaping itself into a focused protective-safety business, selling off unrelated divisions along the way. A useful fact for understanding the economics: protecting people is a business of tiny margins repeated at enormous scale, so keeping a tight grip on manufacturing costs matters as much as the price on the box. Ansell pays out a good chunk of its cash to shareholders as dividends, and it has kept buying smaller safety brands to strengthen its hand.

Saved answer · last researched 12 Nov 2026