Malaysia's Top Glove looks to Africa

ERJ staff report (LMH)

Kuala Lumpur - Malaysian rubber glove manufacturer Top Glove Corp Bhd is searching for rubber plantation land in a number of countries in Africa, reports Chong Jin Hun in The Edge Malaysia.

The proposed move is part of an effort by the company to capitalise on the continent's potential, which offers a large market for rubber gloves, as well as extensive areas of rubber plantation land at attractive prices.

Top Glove managing director KM Lee told The Edge that the company has identified a number of promising markets, including Nigeria, Zambia, Kenya and South Africa.

The glove manufacturer will follow in the footsteps of US-based Firestone Natural Rubber Co. , Which has the largest natural rubber operation in the world in Liberia covering an area of almost 520 sq.km, the newspaper reported.

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Article from The Edge