Kossan Rubber takes loan to fund glove factory

Malaysia’s Kossan Rubber Industries has agreed terms with a local bank to take a loan up to RM14.3 million (Euro 3.2 million) to finance construction of a nine-line glove factory in Malaysia. The company currently has three factories making gloves, with total capacity of about 110 million units/month. The new plant should add capacity for a further 75 million units/month.

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