Top Glove plans RM8 billion capex over six years

Top Glove Corp Bhd announced RM8 billion in capital expenditure over six years to add 100 billion pieces per annum to production capacity, from 85.5 billion currently. For FY2021, it plans RM1.9 billion capex for new factory, machinery, and land.

“Top Glove Corp Bhd has earmarked RM8 billion for capital expenditure (capex) over the next six years, indirectly brushing aside concerns over a glove glut or fiercer competition from new entrants.”nst.com.my

• 1 source
• nst.com.myTop Glove to spend RM8b capex in next six yearsFarah AdillaSep 18, 2020

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