The Philippine Rubber Industry which, like the Coconut Industry, has been in the doldrums as World Market Prices for raw rubber dropped, is seeing light at the end of the tunnel.
Tennis ball-maker Head International Holding has expressed intent to transfer their manufacturing facilities from China to the Philippines.
Their specific target relocation area is the PHIVIDEC Industrial Zone in Cagayan de Oro City which is very near the rubber production areas in Mindanao.
With the volume of rubber-based tennis balls that Head’s factory churns out every year, this is seen as a positive development for the local rubber industry.
Earlier, rubber farmers grouped themselves into the Philippine Rubber Farmers Cooperative and started processing their raw rubber into motorcyle tires.
With a loan assistance from the Department of Agriculture’s Agricultural Credit Policy Council (ACPC) of P10-M, the PRFA is now producing the Pilipinas Agila motorcyle tires.
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