Top Glove plans RM200m expansion

Media briefing: Lim (middle) looking at the company’s annual report. With him are Top Glove executive director Lim Cheong Guan (left) and managing director Lee Kim Meow.

SHAH ALAM: Top Glove Corp Bhd has set aside RM200mil for capital expenditure next year as the glovemaker ramps up its production capacity to meet strong global demand.

The company is also prepared to spend RM1bil for mergers and acqusitions (M&A) as it aims to acquire at least one peer a year.