Dato Lim Kuang Sia is the CEO and founder of Kossan Rubber Industries. This company was awarded the ‘Brand Laurette Brand Leadership Award’ for 2014-2015. A native Chinese Teochew, Dato Lim is ranked 14th in Malaysia’s richest list for 2021 with a net worth of US$1.4 billion
Where is Dato Lim from?
The Malaysian businessman graduated with a chemical engineering qualification, Dato Lim is on several boards including the Federated Teochew Association of Malaysia, among others. In his younger years, Dato Lim was in the rubber bearings for the boat business before starting Kossan. Today, he has grown this company to become one of the largest major glove-makers in the world. He grew up with 11 brothers and sisters on a small island of Pulau Ketam. What he has achieved since starting Kossan is to make it into becoming the Big 4 Rubber Glove Manufacturers globally.
Success of Kossan and the rubber glove industry
The COVID-19 pandemic saw a surge in demand for rubber gloves and that propelled Datuk Lim into the top 20 richest people in Malaysia especially after the share prices of Kossan spiked. To date, Kossan is able to produce 28 billion gloves each year. It works with customers coming from over 130 countries globally. In fact, more than 80% of its products are exported. The success of the company is shared with his brothers namely Lim Kuang Wang, Lim Leng Bung, Lim Kuang Yong and the late Lim Kwan Hwa’s family.
Dato Lim’s Net Worth
Source Of Wealth
Dato Lim’s main source of wealth is through his major stakes in Kossan.
Dato Lim has 2 daughters and 1 son. His eldest daughter is an accountant. His son holds a degree in Computer Science and a Master in International Business while his younger daughter is a chemical engineer, following in his footsteps when he started.
Dato Lim holds a degree in Science majoring in Chemistry from the Nanyang University of Singapore. besides that, he also holds Imperial College’s Master in Chemical Engineering.