JOHOR BARU: Glove manufacturer Petropolymer Sdn Bhd plans to set up an acrylonitrile butadiene rubber (NBR) factory costing US$300mil (RM1.29bil) in Pengerang, Kota Tinggi, to cater to the demand of the raw material for rubber gloves.
Petropolymer chief executive Datuk Lee Son Hong said the raw material was currently imported from Taiwan and Thailand, with the demand by local glove manufacturers seen at 600,000 metric tonnes annually.
The investment potential is very high as it was supported by the Petrochemical Integrated Development project, which is also based in Pengerang, he told reporters after the signing ceremony of a collaboration agreement between Petropolymer and a state-owned company, Permodalan Darul Takzim (PDT), in Johor Baru on Monday.
Lee signed the agreement on behalf of Petropolymer, while PDT was represented by its chief executive, Lukman Abu Bakar.
He said the total production could be increased up to 200,000 metric tonnes by 2025. – Bernama