A group of “leading rubber processors from China” are set to visit Thailand, Indonesia and Myanmar to survey sites to establish rubber plants in the next week or so. Thailand’s The Nation reports that about 10 rubber processors from Shandong province and representatives from the China Council for the Promotion of International Trade are scheduled to visit Indonesia, Myanmar (Burma) and Thailand between 19 and 25 November.
The group reportedly consists of around 50 representatives from both companies and government agencies. It will reach Thailand on 23 November where it will stay for two to three days with a view to considering “opportunities to invest in the South and Northeast, the country’s major rubber tree growing areas”.
Although still one of Asia’s poorest nations, the Republic of the Union of Myanmar, or Burma, has began to forge links with its neighbours and the rest of the world since 2011. Last October, the country’s government relaxed restrictions on new vehicle imports, opening the door to overseas manufacturers. Tyre makers are establishing a presence in Myanmar, too: On 8 July, Bridgestone Asia Pacific Pte. Ltd. announced the official opening of its Myanmar branch office in former capital Yangon. The office’s main function will be to gather information on the truck, bus, car manufacturing industries and tyre markets, as well as conduct related activities on behalf of the regional head office.