HARTA的"8年磨一剑"

General Announcement

Reference No C&-120406-28688

Company Name	:	HARTALEGA HOLDINGS BERHAD
Stock Name	:	HARTA
Date Announced	:	06/04/2012

Type	:	Announcement
Subject	:	OTHERS
Description	:	HARTALEGA NGC PROJECT
Announcement Details/Table Section : Further to the announcement on incorporation of Hartalega NGC Sdn Bhd on 30 March 2012, the Board of Directors of Hartalega Holdings Berhad are pleased to announce further information on the said company as follows:- Hartalega NGC Project Hartalega NGC Sdn Bhd (company registration number 984586-P) was incorporated on 29 March 2012 as wholly owned subsidiary of Hartalega Holdings Berhad (“HHB”) and designated as the corporate vehicle for the setting up of a rubber glove manufacturing project (“HNGC project” or “HNGC” or “the project”) principally involved in the production of rubber gloves to cater to fast rising global demand. The capacity expansion project is scheduled to begin in 2013 and targeted to complete in year 2021. Hartalega NGC Sdn Bhd’s acronym refers to “Next Generation integrated Glove Manufacturing Complex”. The total project costing RM1.5 billion and consisting of 70 new high tech production lines was accorded the EPP (“Entry Point Project”) status under the Malaysian Government’s Economic Transformation Programme due to its high economic impact. The project will be housed within a new site of about 100 acres and linked to several dedicated buildings to be built notably: Research & Development Centre Learning & Development Centre Renewable Energy Plant Environment Friendly Worker Quarters Sports and Recreation Centre The whole location will be landscaped to be green and eco-friendly incorporating lush greenery with investment in environmental preservation mechanisms like water and waste treatment plants. The HNGC project will be spread over two 4-year phases and employ about 4,600 workers: First Phase (2013 to 2017) – 40 production lines with total annual capacity of 14 billion Second Phase (2017 to 2021) – 30 production lines with total annual capacity of 10.5 billion On completion of the HNGC project, the total installed production capacity of the HHB Group including the current factories in Bestari Jaya will be 38 billion pieces per annum.