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NewsFlash Hartalega to increase average capacity by 15% p.a. with new Sepang plant
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Flash Hartalega to increase average capacity by 15% p.a. with new Sepang plant
by Cals Tue 27 Aug 2013, 12:51
Flash Hartalega to increase average capacity by 15% p.a. with new Sepang plant
Business & Markets 2013
Written by Surin Muruguah of theedgemalaysia.com
Tuesday, 27 August 2013 12:20
Flash: Hartalega to increase average capacity by 15% p.a. with new Sepang plant
.
Update Hartalega to increase average capacity by 15% p.a. with new Sepang plant
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Tuesday, 27 August 2013 12:30
KUALA LUMPUR (August 27): HARTALEGA HOLDINGS BHD [] is embarking on an ambitious eight-year plan to complete its Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang which will see an average growth of 15% annually in capacity.
Once the complex is fully built by 2021, which will cost the largest synthetic glove maker RM1.9 billion in total, this will result in the group being able to churn out an additional 28.5 billion pieces of gloves annually on top of its current total installed capacity of 14 billion gloves.
Hartalega managing director Kuan Mun Leong told the press that CONSTRUCTION [] of the NGC will begin this September. There will be 72 production lines in total.
"By September 2014, we will see the first six production lines completed," he said.
Kuan said Malaysia's exports of nitrile gloves increased by about 25% last year. He opined that this growth could continue.
"We believe this trend will continue because the emerging markets have yet to fully embrace nitrile gloves."
Kuan said Hartalega has recently set up subsidiaries in China and India with the intention of capitalising on the potential of growth in these two countries.
"With China's healthcare reform and a better awareness in personal hygiene in the emerging markets, their consumption of nitrile gloves could increase," he opined.
As a comparison, Kuan said the emerging markets' average consumption of nitrile gloves is five pieces per capita against 140 pieces in the US and 100 in Europe.
"There is a good potential growth for growth in these emerging markets," he emphasised.
Business & Markets 2013
Written by Surin Muruguah of theedgemalaysia.com
Tuesday, 27 August 2013 12:20
Flash: Hartalega to increase average capacity by 15% p.a. with new Sepang plant
.
Update Hartalega to increase average capacity by 15% p.a. with new Sepang plant
Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Tuesday, 27 August 2013 12:30
KUALA LUMPUR (August 27): HARTALEGA HOLDINGS BHD [] is embarking on an ambitious eight-year plan to complete its Next Generation Integrated Glove Manufacturing Complex (NGC) in Sepang which will see an average growth of 15% annually in capacity.
Once the complex is fully built by 2021, which will cost the largest synthetic glove maker RM1.9 billion in total, this will result in the group being able to churn out an additional 28.5 billion pieces of gloves annually on top of its current total installed capacity of 14 billion gloves.
Hartalega managing director Kuan Mun Leong told the press that CONSTRUCTION [] of the NGC will begin this September. There will be 72 production lines in total.
"By September 2014, we will see the first six production lines completed," he said.
Kuan said Malaysia's exports of nitrile gloves increased by about 25% last year. He opined that this growth could continue.
"We believe this trend will continue because the emerging markets have yet to fully embrace nitrile gloves."
Kuan said Hartalega has recently set up subsidiaries in China and India with the intention of capitalising on the potential of growth in these two countries.
"With China's healthcare reform and a better awareness in personal hygiene in the emerging markets, their consumption of nitrile gloves could increase," he opined.
As a comparison, Kuan said the emerging markets' average consumption of nitrile gloves is five pieces per capita against 140 pieces in the US and 100 in Europe.
"There is a good potential growth for growth in these emerging markets," he emphasised.
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