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Hartalega unable to meet demand in next 3 years

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KUALA LUMPUR: Hartalega Holdings Bhd will not be able to meet the demand for rubber gloves in the next three years with its current production capacity, said its executive chairman, Kuan Kam Hon.

“Glove dipping is a long process. The expansion, transition period is at least three years.

“Even in the fourth year, if you have extra (rubber gloves), it goes into inventory building. When you have a supply shortage, you are not able to build inventory,” he told reporters after the company’s annual general meeting here, today.

Kuan said Hartalega, the world’s largest producer of synthetic rubber gloves, is expanding at about 20 per cent per annum, which is slightly more than the organic growth in the industry. – Bernama