Tuesday, August 26, 2008

Investing in Indonesian bloc rubber industry

Sri Trang first took the plunge to invest in Indonesia four years ago by forming a venture to produce block rubber, a more constant-viscosity product that is largely used in many industries including vehicle tyres, replacing ribbed smoked rubber sheets (RSS).

Sri Trang is the fourth largest Thai investor in the country after the agro-industry conglomerate CP Group, the coal miner Banpu, and the cement, paper and petrochemical giant SCG Group.

"We have employed about 500 local workers and they get along well with our 10 Thai-Muslim staff from our companies in the Muslim southern provinces of Thailand," said Mr Kitichai.

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