KUALA LUMPUR: HARTALEGA HOLDINGS BHD [], the world's largest nitrile glove producer, plans to expand its production by between 20% and 25% to meet growing demand from the US and Europe.
In the quarter ended June 30, 2011, Europe made up 28% of sales compared with 18% a year ago while the US was the main market for its gloves.
Hartalega managing director Kuan Ham Hon said on Thursday, Aug 18 there was a lot of potential for the company to expand its market share in Europe.
He was speaking to reporters after the shareholders meeting.
The company had in the first quarter results ended June 30 said the switching from natural rubber to nitrile glove had picked up in Europe and demand was growing rapidly.
'We expect the Nitrile glove demand will continue to grow by 30% for calendar year 2011 and our group is well positioned to take advantage of such demand growth,' it had then said in the notes to its accounts.
In the quarter ended June 30, 2011, Europe made up 28% of sales compared with 18% a year ago while the US was the main market for its gloves.
Hartalega managing director Kuan Ham Hon said on Thursday, Aug 18 there was a lot of potential for the company to expand its market share in Europe.
He was speaking to reporters after the shareholders meeting.
The company had in the first quarter results ended June 30 said the switching from natural rubber to nitrile glove had picked up in Europe and demand was growing rapidly.
'We expect the Nitrile glove demand will continue to grow by 30% for calendar year 2011 and our group is well positioned to take advantage of such demand growth,' it had then said in the notes to its accounts.
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