SHAH ALAM: Top Glove Corporation Bhd will allocate about RM600 million capital expediture (capex) for the financial year ending Aug 31, 2020 (FY20), similar to the RM632.17 million capex set aside in FY19.
Its chairman Tan Sri Dr Lim Wee Chai (pix) said the capex would mainly be used for factory automation and digitalisation, nitrile glove production line expansion, construction of new factories and machinery, as well as possible merger and acquisition activities.
He was speaking to reporters on the sidelines of the company’s FY19 and Q4 2019 results briefing here, today. - Bernama
source https://www.thesundaily.my/business/top-glove-to-allocate-rm600m-capex-for-fy20-XD1445743
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