Monday, December 7, 2009

[05 Dec] Thailand's Cabinet Nods to Rubber Project Implementation

The Cabinet approved the Rubber Estate Organization (REO)'s project of market development and rubber processing in line with g the Government's policy on value added for the products.
The Cabinet has approved the proposal from REO for its project of market development and rubber processing for value added product. The REO's project was to set up the centers to buy rubber products and sell the equipments. With the rubber market trends in the future, REO is also set to build the STR20 block rubber factories.
The buying centers and SRT20 block rubber factories would be built in the North and Northeast provinces as proposed by REO. The budget was from the remaining budget from the government's project of rubber market intervention, amounting to 475.8 million THB.
The project was aimed at value added products to enhance their competitiveness in the market, also to support farmers to gain fair prices of produced rubber while obtaining good quality of materials in production.

(Source: irco.biz)
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