Hartalega to shutter Bestari Jaya ops

KUALA LUMPUR: Hartalega Holdings Bhd will be decommissioning its Bestari Jaya facility and consolidating operations at its Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang as it embarks on a rationalisation plan.

The glove maker said the exercise is expected to incur an impairment loss of RM347mil in FY23, and a further provision for retrenchment costs and contract obligation expenses amounting to about RM70mil in FY24.