Top glove eyes growth with new set-ups, M&As

Shah Alam, Malaysia – Top Glove Corp is considering new set-ups, including a nitrile latex factory, a condom factory, investment in packaging materials – glove inner boxes – as well as other closely related industries, as part of its bid to add shareholder value.

In a statement on 16 June, the Malaysian rubber gloves company said it acquired two glove factories located in Nilai and Muar, Malaysia, in May with a combined production capacity of 1.1 billion gloves per annum.

These acquisitions, which are to be completed…

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