Hartalega allocates RM630mil capex


Hartalega's managing director Kuan Mun Leong shows 'First-of-its-Kind Glove Manufacturing Facility' during a media visit to the factory yesterday. - The Star

SEPANG: Hartalega Holdings Bhd, the biggest rubber glovemaker by market capitalisation, will invest more money for expansion with a RM630mil allocation for capital expenditure for the next three years.

The company’s managing director Kuan Mun Leong continues to be optimistic on the prospects of the rubber glove industry, and expects the demand outlook to soon recover and favour suppliers.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Australian dollar scales 15-month high on strong jobs data
Gold dips, stocks lift as Trump walks back Greenland threats
Ringgit opens firmer on OPR hold expectations
Bursa Malaysia tracks global rebound as Trump walks back tariffs threat
Trading ideas: Sunway, IJM, Binastra, Capital A, Elridge, Oxford Innotech, Steel Hawk, Carimin, SMRT, Reneuco, Suria, KIP REIT, Pantech
Wall Street jumps on Greenland framework deal
Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Maybank’s sustained returns growth ambition
Steel Hawk unit secures Sabah contract

Others Also Read