26 Nov 2015
Kuala Lumpur -- Sime Darby is planning to expand its rubber plantation activities despite the on-going slump in natural rubber price, Nikkei Asian Review has reported
The Nikkei report cited a senior company executive as saying that, by 2020, the Malaysian group aimed to raise rubber plantations to 10 percent of its total ‘land bank’, from 2 percent currently.
Liberia, it added, is to be a key focus of the expansion plan due to emerging automotive industry in Africa, and shortages of land on which to grow rubber in south east Asia.
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