19-21 Oct, 2015 - Krabi, THAILAND
Beyond Resort Krabi
Beyond Resort Krabi
Mitsui & Co. and Mak Kim Hong Group Co., a Cambodia-based company, had jointly established a research company named – Japan (Cambodia) Tropical Plantation Partners Co (JCTPP) in April 2013. Recently, they decided to restructure JCTPP into a Cambodia-based business corporation that will specialise in rubber tree plantations, rubber block processing and exporting business.
It is expected that the demand for rubber block will increase by approximately 4-5% annually, mainly driven by the growing demand for cars and vehicles in emerging markets of China and India.
Thailand, Malaysia and Indonesia are the major rubber block producers, where rising labour costs are resulting in higher production costs. As rubber block processing is a labour intensive industry, it’s expected that countries like Laos and Myanmar, particularly Cambodia will become major rubber block production centers in the world.
Given such a market scenario, JCTPP plans to acquire usage rights for approximately 10,000 hectares of land leased from the government in the central province of Kampong Thom and develop extensive rubber plantations. JCTPP also plans to build a rubber block processing plant, thus establishing a complete value chain – plantations, rubber processing and exporting.
Mitsui is expected to bring in its rich experience of developing forest plantations in Australia and its global marketing capabilities.
Mitsui plans to sell rubber blocks directly to tire manufacturers and other users. The company also plans to expand into neighboring countries on the Indochinese peninsula, including Myanmar and Laos with similar projects.
Veasna Norng, CEO of Japan Cambodia Tropical Plantation Partners (JCTPP) will further elaborate on ‘Rubber Planting in Areas Previously Cultivated with Acacia’ at 7th Palm Oil & Rubber Summit, scheduled on 19-21 October, 2015 in Krabi, Thailand.
Contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218 for more details.
