2 October 2014
Resintech
Bhd, a local Polyethylene and poly vinyl chloride (PVC) pipe manufacturer, will
tap into the rubber plantation sector in a bid to diversify its business
segment given the healthy outlook on the rubber industry.
Resintech’s
managing director said that according to his sources, rubber is a commodity
that has high growth potential given the fact that not many countries produce it,
this enables natural rubber to be controlled and as a result, prices of rubber
will continue to rise. Unlike palm oil which has various substitutes. The
company has a 10% interest in joint venture company set to plant rubber trees
in Cambodia on a piece of land measuring 6,000 hectares in Cambodia which will
reach its maturity stage in six years.
Resintech
exports PVC pipes, water tanks and fittings for industrial and construction
purposes to countries such as Indonesia, Myanmar, Cambodia, Sri Lanka,
Australia and Vietnam as well as Argentina.
Source:
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