GREEN Rubber Asean, a JV between Malaysia-based global developer of green technologies Green Rubber Global Ltd and ACB Rubber Pte Ltd will be set up to undertake research, development and production of green rubber compound and its derivatives across the Asean region.
The RM20 million facility will be set up in Port Klang, and will have an initial production capacity of 10,000 tonnes/year.
In a statement, Datuk Vinod Sekhar, founder and chairman of Green Rubber Global Group, said that Malaysia was chosen to establish the first major production facility because the technology was the lifetime work of his late father Tan Sri Dr B. C. Sekhar.