SETIA ALAM (July 19): Top Glove Corporation Bhd plans to spend RM3 billion to set up another 30 factories in Malaysia in the next 15 years.
Its chairman Tan Sri Lim Wee Chai said the initiative comes under the Government's Entry Point Project scheme.
"We plan to set up two factories every year," Lim said at the ground breaking ceremony for the company's upcoming Top Glove Tower here.
Top Glove, the world's largest glove manufacturer by capacity, has 23 existing factories with an annual capacity of some 38.5 billion pieces of gloves.