Top Glove wants to source for its own latex
TOP Glove Corp Bhd became the first rubber glove maker to move upstream by acquiring its own rubber plantation land to ensure a consistent supply of latex… At for the purchase price of RM22mil, it translates to RM715 per ha, which is also 35% cheaper than rubber land in Cambodia, according to AmResearch. As Top Glove’s target is to secure up to 40% of its its own latex supply, chairman Tan Sr Lim Wee Chai says the company will continue to source for other suitable plantation land in and around the region…
http://biz.thestar.com.my/news/story.asp?file=/2012/9/15/business/12014933&sec=business
