Hong seng gloves sdn bhd - Hong Seng Industries to invest RM3b in world’s largest glove factory in Kedah
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MSCM ventures into glove making, vaccine distribution
Hong Seng Consolidated to lease land, to invest RM1.5b in nitrile butadiene latex plant
Hong Seng Q1 net profit jumps more than ten
Hong Seng said the sublease would be funded via a combination of internally-generated funds, bank borrowings, proceeds received from the exercise, and conversion of the convertible securities of the company or future fundraising exercises.
These products include vaccines, test kits, medicine and supplements.
Apart from the lorry business, the Hong Seng group is also involved in asset management, property and construction development.
Hong Seng KRC Project Not For Glove Manufacturing
The Hong Seng Group is a reputable logistics player with half a century of experience in lorry-related businesses and is seeking to expand its vehicle leasing operations.
The company said that due to the rise in demand for nitrile gloves, the raw materials required are also in severe shortages, therefore by setting up its own feedstocks tank farm facilities, Hong Seng will be able to capture a substantial market and fill up a void in the supply chain.
After announcing its interest to manufacture gloves, the company shot onto the radar of investors.
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