SHAH ALAM: Top Glove Corp Bhd
is ramping up its capacity expansion for nitrile gloves to be the number one producer for such product.
"The demand for nitrile gloves is growing faster than natural rubber. We want to be the market leader in the nitrile glove space," executive chairman Tan Sri Dr Lim Wee Chai said at a briefing on Tuesday.
Lim said currently Top Glove had a 16% to 18% share in the nitrile glove market.
The world's largest glove maker is currently in the midst of increasing its nitrile glove capacity in three new plants by a combined annual capacity of 10.8 billion gloves by May 2018.
At present, Top Glove's total production capacity stands at 46.6 billion gloves.
"By May 2018, our total glove capacity will be at 58.8 billion gloves," Lim said.
He added that the company's current nitrile gloves capacity was on full utilisation rate, with 34% of the group's capacity being for nitrile gloves.
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