Sri Lankan firm invests in Cambodia rubber plantation

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rubber cambodia11Sri Lanka-based Kotagala Plantation, a unit of Lankem Ceylon Plc, has said it will set up a 15,000 hectare rubber plantation in Cambodia.

According to Lankem Chairman A. Rajaratnam, planting rubber in Cambodia is expected to begin in the latter part of the ongoing financial year 2013/2014, with first crops expected approximately within six to seven years.

He said that Kotagala Plantation has identified investment opportunities in Cambodia in the rubber plantation sector due to limited land available in Sri Lanka for large-scale expansion into rubber planting and scarcity of labour.

“The area that will be used for cultivation in Cambodia is nearly four times as large as the company’s cultivations in Sri Lanka, and will be key to securing the company’s future financial success”, Rajaratnam said in Lankem’s latest annual report.

The investment will amount to $12 million, he added.

The Sri Lankan rubber industry has recently been taken out of state management and the private companies who now are in control are making strategic moves to enhance their competitiveness in the global market.

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Reading Time: 1 minute

Sri Lanka-based Kotagala Plantation, a unit of Lankem Ceylon Plc, has said it will set up a 15,000 hectare rubber plantation in Cambodia.

Reading Time: 1 minute

rubber cambodia11Sri Lanka-based Kotagala Plantation, a unit of Lankem Ceylon Plc, has said it will set up a 15,000 hectare rubber plantation in Cambodia.

According to Lankem Chairman A. Rajaratnam, planting rubber in Cambodia is expected to begin in the latter part of the ongoing financial year 2013/2014, with first crops expected approximately within six to seven years.

He said that Kotagala Plantation has identified investment opportunities in Cambodia in the rubber plantation sector due to limited land available in Sri Lanka for large-scale expansion into rubber planting and scarcity of labour.

“The area that will be used for cultivation in Cambodia is nearly four times as large as the company’s cultivations in Sri Lanka, and will be key to securing the company’s future financial success”, Rajaratnam said in Lankem’s latest annual report.

The investment will amount to $12 million, he added.

The Sri Lankan rubber industry has recently been taken out of state management and the private companies who now are in control are making strategic moves to enhance their competitiveness in the global market.

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