ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business

Top Glove's acquisitions seen to boost China access

KUALA LUMPUR (Nikkei Markets) - Malaysia's Top Glove Corp plans to acquire two plants for a total 39 million ringgit ($9.06 million) in a deal that analysts said will give the world's largest rubber glove producer greater access to China.

While the company didn't provide operational details, analysts including UOB Kay Hian's Lester Chin and Kenanga Investment Bank's Raymond Choo said the factories could together crank out up to two billion glove pieces a year. About half of sales from those two factories go to China, Chin and Choo noted.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more