Friday 19 Apr 2024
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KUALA LUMPUR (Dec 31): Top Glove Corp Bhd, the world's largest manufacturer of rubber gloves, rose 1.41% this morning after the group said it is considering setting up a factory in Turkey, which already is importing 70% of its demand for the product from the company.

At 9.40am, Top Glove rose 8 sen to RM5.74 with 227,200 shares traded.

Founder Tan Sri Lim Wee Chai said he sounded out this possibility at a meeting with Turkish President Recep Tayyip Erdogan last week.

Turkey is the fourth largest importer of gloves after the US, Japan and Brazil.

Top Glove has operations spanning across Malaysia, Thailand, China, the US and Europe, and has captured 25% of the world’s market share.

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