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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
Oil prices rise as US official eases market concerns over economic headwinds
Inflation in Japan's capital slows more than expected, slides below BOJ goal
FBM KLCI opens lower as investors book profits
Trading ideas: Al-'Aqar REIT, Pantech, AirAsia X, Inta Bina, Khee San, Infoline, Heineken, Agricore
Capital A to dispose of 100% stake in AirAsia Aviation Group, AirAsia for RM6.8bil
Meta projects higher spending, weaker revenue
Property market recovery on the horizon
Buyout proposal for Anglo American could reshape copper market

Others Also Read