The construction of a US$25 million rubber processing plant in Cita, Margibi County has started up. This follows an inauguration ceremony presided over by Mr. Upjit Singh Sachdeva, an Indian businessman and philanthropist.
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The inauguration ceremony was held oJust six months after the Liberian government and Jeety Rubber LLC signed a concession agreement in December last year. Jetty Rubber is the company that will be in charge of the construction, development and management of the rRubber processing plant in Cita.
Scope of the project for the construction of the rRubber processing plant in Cita
Developed on Covering 13 hectares, the project includes the construction of a fully prefabricated 132,000 square foot factory building as well as warehouses, washing facilities and processing facilities. The factory building is said to be the largest of its kind in the North African country.
The plant will process approximately 25,000 tonnes of natural rubber per year. It will manufacture products such as tires, gloves, rain boots and rubber bands. According to Mr. Jeety, tire production will begin in 2026. This is roughly 100 years after Firestone, the world’s leading rubber producer, began operations in Liberia and began exporting latex.
Introducing farmers to the Cita rubber processing plant
Farmers Hope Company, a local rubber company, is currently using Jeety’s land to buy rubber from local farmers for export. JThe aim, Mr. Jeety said, is to familiarize local farmers with its facilities. This will allow farmers to familiarize themselves with them when construction is complete and their business is fully operational.
Henry Yallah, a Bong County senator, works as CEO of Farmers Hope. During the tour, he revealed he had a one-year contract with Jeety Rubber to use the facility to purchase his rubber latex from local farmers. He would pay an annual rental fee of $1.00 for usage.
At the end of the year, he added, the arrangement will be changed to allow him to return to the previous location.