Green Rubber to raise funds for rapid expansion

Kuala Lumpur – Green Rubber is preparing to raise up to $25 million
through some kind of financial vehicle. The cash will be used to fund a
very rapid expansion of capacity to serve new markets for the company’s
de-vulcanised rubber products.

Datuk Vinod Sekhar told ERJK that
the company intends to open factories as either wholly-owned operations
or as joint ventures in the US, South Africa, Guatemala, Canada and
probably the middle East in the coming 12 months.

This would take the company’s capacity from around 2000 tonnes…

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