Thai Hua Rubber Pcl, Thailand's third-largest rubber producer, plans to invest in Myanmar, aiming to produce rubber and export it following political and economic reforms there, the company's chief executive said on Thursday. "We have already met Myanmar's agriculture minister and he said our investment is welcomed," Chief Executive Luckchai Kittipol told Reuters.
The company was ready to start growing rubber immediately it gets permission from the government, he said. Thai Hua has the capacity to produce 600,000 tonnes of rubber sheets and block rubber in Thailand each year. It has also invested in growing rubber in neighbouring Laos, producing about 60,000 tonnes a year there. Luckchai said the company was interested in expanding plantations in two areas of central and southern Myanmar - Karen State and the Tanintharyi region, previously known as Tenasserim - where the weather was best for rubber.
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