RoK invested rubber latex plant bounces into operation
30 | 06 | 2007
The Republic of Korea’s Kumho Tire Group kicked off operations of its 4 million USD, 11,000 tonne per year, rubber latex plant in Ben Cat district in southern Binh Duong province, on June 28.
The Kumho Tires plant is expected to use natural rubber latex that has been sourced from the area that will then be processed and delivered to the company's tire factory, which is also currently under construction in the province.
Provincial People’s Committee Chairman Nguyen Hoang Son said the province considers rubber latex as one of its five major export items and that the presence of Kumho is expected to aid the province in producing higher quality rubber products.
Kumho also said it has plans to invest a total of 380 million USD into the province
Vietnam News Agency