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10. March 2006

INDIA: Special rubber zone planned

Source: Daily "The Hindu Business Line", New Delhi; 10 Mar 2006

Kochi , March 9
The Kerala State Co-operative Rubber Marketing
Federation (RubberMark) today said it plans to set up
a special rubber zone comprising 12 rubber-based
manufacturing and processing units.

The zone, to be set up on a 12-acre plot, would come
up at Vazhakkulam in Ernakulam district, said Mr T.H.
Musthafa, President of RubberMark, at a press
conference here today.

The land for the purpose has been acquired and
operations are expected to commence within a year, Mr
Musthafa said. Over 1,000 people are expected to find
employment at the zone, which will be established with
the support of the Centre.

He said RubberMark exported over 15,000 tonnes of
natural rubber during the current financial year, and
has set a target of 50,000 tonnes for the next year.

A balloon manufacturing facility, Rubek Balloons, set
up by RubberMark in a joint venture with
Malaysia-based Kendek, would increase its daily
production to 1.2 million balloons from the present
800,000 units, he said. The brand name of the balloons
would also be changed to Rubek from `Partyman'.

Mr Musthafa said RubberMark had submitted a
Rs 1000-million revival programme for rubber-based
co-operatives to the National Co-operative Development
Corporation.


(Syed Rashid Ali, Karachi, Pakistan)

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