KUALA LUMPUR: Hartalega Holdings Bhd recorded a higher net profit of RM120.2mil for the second quarter (Q2) ended Sept 30, 2018 from the RM113.7mil in the same period last year. He said the global demand for rubber gloves continued to grow with the demand supply dynamics in a healthy balance, and nitrile gloves now accounted for 60% of Malaysia's rubber glove export. “Tapping on this through our continuous expansion plans via our Next Generation Integrated Glove Manufacturing Complex (NGC), we expect to see earnings growth moving forward,” Kuan said. In meeting the rising demand, the group said Hartalega NGC has begun commissioning Plant 5 in August 2018, with construction of Plant 6 to follow. Hartalega said a new plant, Plant 7, was also in the expansion pipeline and would be tailored to small orders and focusing more on speciality products, and would have an annual installed capacity of 2.6 billion pieces.

Source: thestar November 08, 2018 11:37 UTC