QUANG TRI — A new latex processing plant with targeted annual output of 5,000 tonnes was kicked off yesterday in the central Quang Tri Province.
The VND50 billion (US$2.3 million) factory, overseen by the Quang Tri Trading Company, will cover 10ha in Cam Lo District.
Accordingly, production will probably commence in August after about 800ha of rubber trees are harvested over a total area of 4,000ha in the district.
The plant aims to diversify Vietnamese rubber products and meet export demand as well as reduce poverty by creating jobs for thousands of local rubber tappers and workers.
The facility targets earnings of VND300 billion ($14 million) per year.-VNS