Hainan Rubber sets up overseas headquarter
On June 6, Hainan Rubber Group announced that the company plans to co-invest 100 million HK dollars with Haiken Group to build up Hainan Rubber International Group Co.,Ltd. in HongKong.
Hainan Group will take 65% of stake in the company, with 65 million HK dollars investment. And Haiken Group is the largest shareholder in Hainan Rubber Group.
It is said that Hainan Rubber International Group is expected to help Hainan Rubber Group to develop overseas' business, and integrate Haiken Group's overseas business.
Journalist in Tireworld.com.cn found that Haiken Group owns shares in Indonesian natural rubber producer PT.Kirana Megatara、Singapore natural rubber trader Archipelago Rubber Trading.
KM Company is the largest natural rubber producer in Indonesia, having 14 rubber factories and 5 rubber plant companies.
The company could produce 720,000 tons of natural rubber, supplying tire companies in EU and American market.
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