Manila, Philippines – Japan has turned over a natural rubber processing plant to the Philippines, according to its national embassy in Manila.
Japan turns over €53m natural rubber plant to Philippines
The PHP2, 63-billion (€53.3-million) Banisilan Rubber Production Processing and Marketing Enterprise was funded through Japan’s Official Development Assistance programme and was transferred to the local authority on 3 August.
The plant, said the embassy, will produce nearly 700 tonnes of rubber crumb with the value of PHP 36.9 million annually.
The project was built under the "Mindanao sustainable agrarian and agriculture development (MinSAAD)”, which is part of J-BIRD, a Japanese initiative to help improve farm efficiency, mobility of farm products and commercial goods, and enhance the quality of life of farmers.