Top Glove unit forms joint venture
PETALING JAYA: Top Glove Corp Bhd’s unit will form a joint venture with Japanese company Fimatec Ltd to produce rubber reinforcing agent for use in the manufacturing of gloves.
The glove manufacturing company said in a statement that its wholly owned subsidiary, Top Glove Sdn Bhd, would own a 70% stake in the proposed joint-venture company, while Fimatec would own the remaining 30% stake.
“The proposed joint-venture company is expected to commence business by the first quarter of 2018,” Top Glove said.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
TOPGLOV | 0.830 |
Comments