KUALA LUMPUR: Malaysia’s largest rubber glove manufacturer Top Glove is investing US$1 billion over the next five years to expand its production capacity, in order to meet surging demand for protective gloves amid the COVID-19 pandemic.
Malaysia is reportedly producing around 65 per cent of the world’s supply for rubber gloves. There has been an exponential jump in demand for rubber gloves since the pandemic.Dr Lim, 62, who started the company about 30 years ago with his wife Tong Siew Bee, took the company public in 2001. Top Glove obtained dual listing on SGX in 2016.
“Usually we build one or two factories a year, this year we are building more. It is good times, we build four or five factories this year and next year, we will also build another four to five factories.” “Traditional business grows very slow, 5 per cent to 10 per cent every year. But using technology, we can skill up … We find something new, something better - digitalisation, internet of things, artificial intelligence, all these are very important.”
Dr Lim who is a father of three grown children - two sons and one daughter, has set lofty targets for himself and the company.
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