The deal between farmers and a manufacturing firm, which will pave the way for the local processing of rubber, has been signed, a top agriculture official said.
In a statement, Agriculture Secretary Emmanuel Piol said the country’s rubber farmers will start producing and marketing motorcycle and small tractor tires by February next year, a major leap from their status of being just raw materials producers.
This, as officials of the Philippine Rubber Farmers Cooperative already signed a processing and marketing agreement with Valenzuela City-based Leo Tire Manufacturing Corp. (LTM).
See full article at Manila Bulletin