Wednesday January 12, 2011
By DANNY YAP
The Star (Malaysia)
KUALA LUMPUR: Top Glove Corp Bhd, the world's largest rubber glove manufacturer, is investing RM160mil in Cambodia to plant rubber trees to reduce its dependency on latex which is bought at market prices.
Chairman Tan Sri Lim Wee Chai said the company was targetting to obtain 20% of its latex requirement from the plantation over time.
“We have about 8,000 ha of net plantable land for rubber trees,” he said at a briefing for analysts and reporters on Top Glove's first quarter results ended Nov 30, 2010 here yesterday.
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