Glovemakers RM170mil expansion plan


GEORGE TOWN: Two major rubber gloves producers in the country are investing about RM170mil this year to expand their production capacity, as declining latex price is expected to boost the performance of the glove market in the second half of 2011.

Latexx Partners Bhd and Top Glove Corp Bhd are each investing about RM70mil and RM100mil respectively to expand their maximum production capacities.

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