Switch to

24. July 2019

VIETNAM: World’s largest glove maker to open first Vietnam factory next year

Malaysia’s Top Glove will open its first plant in Vietnam next year to meet the surging demand in the country for hygienic gloves. The world's largest glove maker is expected to invest USD 24.5 million to build the new factory, which would produce 4 billion gloves a year.

The plant will be built on an industrial plot in Vietnam, measuring more than 20 acres, said Top Glove executive chairman and founder Lim Wee Chai. The company’s managing director, Kim Meow Lee said on the sidelines of the 2019 Invest Malaysia conference that the construction of the plant has started and production would commence in the first quarter of 2020.

Source: Daily “The VN Express”, Hanoi; 22 July 2019
(Syed Rashid Ali, Karachi, Pakistan)

 

Write a comment on this article now