Mr. Veerasith Sinchareonkul, STA’s Executive Director & Managing Director
Thai rubber glove manufacturer Sri Trang Agro-Industry, the world’s leading and largest integrated natural rubber business operator, says it has started delivery of EUDR rubber to several major branded tyre manufacturers in Europe, South Korea, China and other countries.
Thus, reinforcing the company’s readiness to support the European measures to trace back the origin of natural rubber. The procedures are expected to come into force by the end of this year. Similar measures are also set to be implemented by countries in other regions around the world in the near future.
Veerasith Sinchareonkul, STA Managing Director/Executive Director, announced that, in April-May 2024, the company began to deliver natural rubber compliant with EUDR (EU Deforestation Regulation) to customers who placed their orders by May 2024.
STA’s “Global Platform for Sustainable Natural Rubber (GPSNR)” commands higher selling prices than most other sources, with customers consisting of many nationalities from Europe, South Korea, China and other Asian countries where there is a demand for EUDR rubber to be processed into products that will be exported to countries in the European Union in response to upcoming EUDR enforcement expected by the end of 2024.
The EUDR will regulate the export of natural rubber and products processed from natural rubber to Europe, requiring traceability verification to ensure that the sources of natural rubber are not involved in deforestation and are not an encroachment of forested areas.
Currently, it adds it is fully ready to export all types of EUDR rubber, such as latex concentrates, rubber blocks, rubber sheets, etc., This readiness results from ongoing preparations to support these measures. More importantly, the database management system has been developed in collaboration with farmers and rubber dealers to identify land designated for rubber plantations.