Resintech to tap into rubber plantation with joint venture in Cambodia
Resintech Bhd, a local Polyethylene and poly vinyl chloride (PVC) pipe manufacturer, will tap into the rubber plantation sector in a bid to diversify its business segment given the healthy outlook on the rubber industry.
Resintech’s managing director Datuk Teh Kim Poo said that according to his sources, rubber is a commodity that has high growth potential given the fact that not many countries produce it, this enables natural rubber to be controlled and as a result, prices of rubber will continue to rise. Unlike palm oil which has various substitutes. …
