23 January 2018 / 12:01
Top Glove aims to acquire six or seven more companies, Lim said, adding that the M and As were necessary as they would bring in some value to the company, even if they came with a price tag.
“This is important as we aim to grow our market share to 30 per cent in the global rubber gloves industry from about 17 per cent at present,” he said.
Meanwhile, Top Gloves' two additional factories are expected to commence operations in May 2018 and December 2018, respectively. This, would bring the total Top Glove's production lines to 628 lines with capacity of 59.7 billion gloves per annum.
Top Glove, which has emerged as one of the world's largest gloves manufacturer, has a production capacity of 51.9 billion gloves per annum at present. - Bernama