Mardec Bhd will reportedly increase its output of rubber in 2005 by 25 percent, to 250 000 tonnes, in response to higher selling prices for the material. The company recently opened two new rubber processing plants in Vietnam and Indonesia
Mardec group chief executive Datuk Dr Mahmood Abdul Kadir said the price of natural rubber could increase another RM1 a kg as users switch away from synthetic rubber following increased crude oil prices feeding through the supply chain to synthetic rubber.
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Business Times (Malaysia) story
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