Nitrile glove maker Hartalega plans $1.7 billion expansion
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PUTRAJAYA, Malaysia—Hartalega Holdings Berhad has rolled out a $1.7 billion investment plan to build 16 new manufacturing facilities over the next 20 years, the company has announced.
Subsidiary Hartalega NSM Sdn. Bhd. has acquired around 250 acres of land in Bukit Kayu Hitam, Kedah in a deal with Northern Gateway—developer of the Kota Perdana special border economic zone.
The acquisition, which includes a purchase option on another 130 acres in the same location, marks a new phase of growth for Hartalega, according to its March 10 statement.
Hartalega claims to be the world's leading nitrile glove manufacturer, producing 43 billion pieces of gloves per year, from manufacturing sites in Bestari Jaya and Sepang, Selangor.