Tan Bien-Kampong Thom Rubber Development Company has signed a contract to lease 8,100 ha of land in Kampong Thom province of Cambodia for rubber plantation and the building of a rubber latex plant.
The contract will be valid for 70 years and is running under a cooperation programme of the Vietnamese and Cambodian governments.
60 ha of rubber crops have been planted and nursery has already gone up on a 15 ha plot of land.
The project is estimated to cost 770 billion VND (48.1 million USD). Tan Bien Rubber Company contributed 51 percent of the capital, the Viet Nam Rubber Industry Corporation, 29 percent and the Song Da Corporation, 20 percent.
The Tan Bien-Kampong Thom Rubber Development Company plans to put 7,900 ha under rubber by 2010 and put a 26,000 tonne latex processing plant into operation by 2023.
Wednesday, September 26, 2007
8,100 ha of rubber to be planted in Cambodia
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