HA NOI – A new latex processing plant with targeted annual productivity of 5,000 tonnes was yesterday kicked off in central Quang Tri Province.
The VND50 billion (US$2,3 million) factory, overseen by Quang Tri Trading Company, will cover 10 ha of Cam Lo District.
Accordingly, production will probably commence in August after about 800 ha of rubber trees are harvested over a total area of 4,000 ha in the district..
The plant aims to diversify 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 (US$14 million) per year. - VNS