Hartalega to see more than 70% increase in capacity

TheStar Fri, Mar 27, 2020 10:20am - 4 years View Original


AllianceDBS Research in a report yesterday said it is encouraged by the acquisition, as it is a solid indication of the group’s commitment on its longer term expansion and growth.

PETALING JAYA: Hartalega Holdings Bhd’s land acquisition for factory expansion is expected to ramp up the company’s capacity by more than 70%, boosting its glove production to 76 billion pieces per annum by 2029.

AllianceDBS Research in a report yesterday said it is encouraged by the acquisition, as it is a solid indication of the group’s commitment on its longer term expansion and growth.

“Hartalega is planning to commission a total of 82 lines with total capacity of approximately 32 billion pieces of gloves per annum at this facility. Construction is targeted to commence from 2021 and complete in 2029. Capital expenditure for this new plant is estimated at RM3bil.”

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