World's top glove maker eyes Thai expansion

摘要

Malaysia's Top Glove Corp is focusing on Thailand to boost its production capacity as shortages of workers and water at home disrupts its expansion spree. The company, which doubled its factory capacity in Phuket this month, will increase its output size by 100% at another plant in Songkhla that borders Malaysia, chairman Lim Wee Chai said in an interview Thursday. Favourable tax breaks in Thailand and the ease of hiring workers prompted the company's decision, he said. The stock gained 0.4 percent at the Friday close in Kuala Lumpur, the highest level in three months.