Top Glove unit, Fi­matec in ven­ture

New Straits Times - - Business -

KUALA LUMPUR:Top Glove Cor­po­ra­tion Bhd whol­ly­owned sub­sidiary, Top Glove Sdn Bhd (TGSB), has en­tered into a joint-ven­ture (JV) agree­ment with Ja­panese firm Fi­matec Ltd to man­u­fac­ture rub­ber re­in­forc­ing agent for use in the man­u­fac­tur­ing of gloves. A JV firm TG FMT Sdn Bhd will be in­cor­po­rated as TGSB will sub­scribe to the paid-up cap­i­tal of RM4.2 mil­lion while Fi­matec will sub­scribe to the paid-up cap­i­tal of up to RM1.80 mil­lion.

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