Top Glove has earmarked RM10 billion for capital expenditure (capex) over the next five financial years (FY2021 to FY2025).
Capex allocation for FY2021 to FY2025 will be invested in:
- New capacity
- Enhancement of existing manufacturing facilities
- Industry 4.0 initiatives,
- Gamma sterilisation plant
- Land bank for future expansion
- IT upgrades
- Workers’ facilities.
Top Glove allocates such a big amount of money for capex over the next five financial years. Is it a good thing for both the company and investor?
Join our telegram channel to get the answer. We will prepare a report and share to all the members during this weekend.