TURKEY: Top Glove mulls Turkey factory
Top Glove, the world’s largest manufacturer of rubber gloves, is considering setting up a factory in Turkey which already is importing 70% of its demand for the product from the company. Founder Tan Sri Lim Wee Chai said he sounded out this possibility at a meeting with Turkish President Recep Tayyip Erdoğan in Istanbul on Saturday (29 December 2018).
Turkey is the fourth largest importer of gloves after the United States, Japan and Brazil. Top Glove has operations spanning across Malaysia, Thailand, China, the United States and Europe and has captured 25 % of the world’s market share. It exports to 195 countries, fulfilling demand in both the healthcare and non-healthcare segment.
“We are seriously planning to set up a factory in Turkey. It will help create between 500 and 1,000 jobs and on top of my mind is the opportunity to employ the Syrian refugees as well as Turkish citizens,” Lim told the Malaysian media. The Turkish operation would also boost Top Glove’s presence in Europe.
Source: Daily “The Star”, Kuala Lumpur; 31 Dec 2018
(Syed Rashid Ali, Karachi, Pakistan)