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More rubber firms expand to Cambodia
24 | 08 | 2007
Three Vietnamese businesses have teamed up to kick-start a joint stock company that will cultivate rubber trees in Cambodia. The Phu Rieng-Karatie Joint Stock Co has a total chartered capital of 200 billion dong . The Vietnam Rubber Industry Group holds a 40% stake in the company, with the Phu Rieng Rubber Co and the Da River Corp coming in for 30% each.
A 70 year lease on nearly 1,000 hectare of land in Cambodia's Karatie province was secured by the firm. Some 300 hectare of land has been reclaimed and 100 hectare is already having rubber trees

Source: Intellasia
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