In 2002, Hartalega Holdings Berhad (Bursa: 5168) invented and introduced the first soft nitrile gloves to the world. Since then, the industry has been revolutionized as global demand for nitrile gloves has outgrown demand for conventional latex gloves.
Today, Hartalega is the largest nitrile glove producer and among the top three largest rubber glove manufacturers in the world. As I write, Hartalega is worth RM11.7 billion in market capitalization. It is the only rubber glove stock to exceed the RM10 billion mark on Bursa Malaysia.
In this article, I’ll bring a detailed account of Hartalega’s impressive growth since its IPO in 2008 and its plans to sustain growth in the future. Therefore, here are the 14 things you need to know about Hartalega before you invest.
