The Rubber Growers Cooperative Federation of Thailand has proposed raising money from rubber planters to establish their own car tyre factory in response to falling natural rubber prices.
The group expects the investment to cost around 3 billion baht, federation chairman Perk Lertwangpong said. He described the idea as a “significant strategy” for rubber growers to assist each other instead of relying on government subsidies.
The price of rubber from para trees fell to 50 baht a kilogramme from 172 baht/ kg in February 2011. The federation would explain the project to rubber growers nationwide, starting in the South, he said.
– Bangkok Post
