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04. March 2006

FAR EAST: World's third largest rubber producer to invest in Viet Nam and China

Source: Vietnam News Agency, Hanoi; 4 Mar 2006

Kuala Lumpur - Malaysia-based industrial rubber
company Kossan plans to invest in Viet Nam and China
by the end of this year, the company's Executive
Manager, Lim Kuang Sia, has said.

Kossan, the world's third largest rubber producer,
intends to manufacture rubber parts for automobiles in
Viet Nam, he said, adding that the company's products
in China will be rubber synthetic gloves used for
non-medical purposes.

At a company's meeting in Kuala Lumpur on Mar. 2,
Manager Lim said that Viet Nam is an appealing
destination for the company's investments owing to its
low labour costs and good investment environment.

(Syed Rashid Ali, Karachi, Pakistan)

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