INDONESIA JAWA may expand rubber exports to S. Korea

JAWA finance director Bambang S. Ibrahim told kontan.co.id that PT Haein Resources Co. Ltd., a Seoul-based company that engages in construction and agricultural equipment businesses, has expressed an interest in importing natural rubber from JAWA.

"[Haein] is interested because [the quality of JAWA's rubber] is good. But at the moment, [JAWA and Haein] have not yet signed a contract,” he said.

Bambang added that JAWA was not certain about when it would start exporting rubber to the South Korean company, although it was aiming to start the exports this year. "I estimate that JAWA's exports to South Korea could reach up to 10 % of JAWA's total export production each year,” he said.

JAWA produced 13,257 tons of rubber last year, up 28 % from the previous year. The domestic market absorbs 77 % of JAWA's rubber output, leaving about 3,048 tons for overseas destinations.

Source: Daily "The Jakarta Post”, Jakarta; 28 May 2014
(Syed Rashid Ali, Karachi, Pakistan)