Friday 6 April 2012

Hartalega to set up RM1.5b next generation glove making complex

KUALA LUMPUR (APRIL 6): HARTALEGA HOLDINGS BHD [] is setting up a RM1.5 billion “next generation integrated glove manufacturing complex” (NGC) comprising 70 new high tech production lines.

The company said on Friday that its wholly owned subsidiary Hartalega NGC Sdn Bhd that was incorporated on March 29 is th designated corporate vehicle for the setting up of the NGC project, that is mainly involved in the production of rubber gloves to cater to fast rising global demand

Hartalega said the capacity expansion project was scheduled to begin in 2013 and targeted to complete in year 2021.

The company said the project had been accorded the EPP (“Entry Point Project”) status under the Malaysian Government’s Economic Transformation Programme due to its high economic impact.

Hartalega said the project would located within a new site of about 100 acres with several dedicated buildings, including research and development centre, learning and development centre, renewable energy plant, environment friendly worker quarters and sports and recreation centre.

It said the whole location would be landscaped to be green and eco-friendly incorporating lush greenery with investment in environmental preservation mechanisms like water and waste treatment plants.

Hartalega said the NGC project would be spread over two 4-year phases and employ about 4,600 workers, namely, first phase (2013 to 2017) – 40 production lines with total annual capacity of 14 billion and second phase (2017 to 2021) – 30 production lines with total annual capacity of 10.5 billion.

“On completion of the HNGC project, the total installed production capacity of the Hartalega group including the current factories in Bestari Jaya will be 38 billion pieces per annum,” it said.



Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or hoxian@sjsec.com.my for more details.
Related Posts Plugin for WordPress, Blogger...