Norway in talks to invest in Kayin rubber sector
Norway in talks to invest in Kayin rubber sector
The Global New Light of Myanmar, 03 Dec 2017
URL: https://issuu.com/myanmarnewspaper/docs/3_dec_17_gnlm
Norway Company is in discussions with authorities to invest in the rubber sector at the industrial zone in Hpa-An Town, Kayin State, said U Tin Maung Sein, the secretary of the Karen State Rubber Production Association.
“They made a contact to invest in rubber sector since last year. They have already met with the authorities too,” he added. They want to buy 10,000 pounds of liquid rubber per day from Kayin State. Therefore, they have asked the first owners how many pounds of liquid rubber they can produce per a day.
Initially, they said they will conduct soil tests to determine which fertilizer needs to be used in the rubber plantation. They will also cooperate with the local rubber cultivators to produce high-quality rubber.
“We can produce only the low-quality rubber. Therefore, they will buy the liquid rubber from us. Then they will boost the rubber quality in their factory. After that, they will seek the rubber market in Malaysia. They also discussed that they will produce the finished rubber products after they have received the high-quality rubber,” said U Tin Maung Sein.
Kayin State has around 500,000 acres of rubber plantations and nearly 300,000 acres is producing rubber latex.
Although other countries, including Thailand and Japan, are interested in investing in rubber plantations in Kayin State, they are reluctant because of a lack of order in the rubber sector, the high price of land in the industrial zone and insufficient infrastructure.
Myanmar rubber is produced mainly in Mon State, Taninthayi Region, Kayin State, Yangon region and Bago Region. Currently, Myanmar has more than 1.6 million acres of rubber plantations and more than 700,000 acres is producing rubber latex.
“They made a contact to invest in rubber sector since last year. They have already met with the authorities too,” he added. They want to buy 10,000 pounds of liquid rubber per day from Kayin State. Therefore, they have asked the first owners how many pounds of liquid rubber they can produce per a day.
Initially, they said they will conduct soil tests to determine which fertilizer needs to be used in the rubber plantation. They will also cooperate with the local rubber cultivators to produce high-quality rubber.
“We can produce only the low-quality rubber. Therefore, they will buy the liquid rubber from us. Then they will boost the rubber quality in their factory. After that, they will seek the rubber market in Malaysia. They also discussed that they will produce the finished rubber products after they have received the high-quality rubber,” said U Tin Maung Sein.
Kayin State has around 500,000 acres of rubber plantations and nearly 300,000 acres is producing rubber latex.
Although other countries, including Thailand and Japan, are interested in investing in rubber plantations in Kayin State, they are reluctant because of a lack of order in the rubber sector, the high price of land in the industrial zone and insufficient infrastructure.
Myanmar rubber is produced mainly in Mon State, Taninthayi Region, Kayin State, Yangon region and Bago Region. Currently, Myanmar has more than 1.6 million acres of rubber plantations and more than 700,000 acres is producing rubber latex.