Company to invest RM3bil in world’s biggest glove plant in Kedah

[superadmin]

PUTRAJAYA: A subsidiary of Hong Seng Consolidated Bhd will invest RM3 billion in Kedah Rubber City (KRC) to build the world’s largest glove factory starting next year.

The factory is expected to create over 1,600 jobs especially for residents around Padang Terap, Kedah, said Hong Seng Group managing director Teoh Hai Hin.

It will also be a catalyst for economic recovery for those affected by the Covid-19 pandemic, he said at a press conference after the symbolic groundbreaking ceremony for the nitrile butadiene latex (NBL) manufacturing plant here today.

Teoh said the plant was expected to attract additional investment of RM5 billion through the support industry and the nitrile rubber industry value chain.

He said the plant was expected to be completed in 2024 with a full production capacity of 960 kilotonnes of gloves a year.

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