Top Glove unit forms joint venture
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
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.
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