Capt. Thammanat Phromphao, Minister of Agriculture and Cooperatives visit Huayi on December 10th, 2023

Capt. Thammanat Phromphao, Minister of Agriculture and
Cooperatives, along with his delegation, visited to inspect the tire
manufacturing factory of Huayi Group Thailand Co., Ltd., located in LK-RICH
Industrial Estate, in Rayong Province.

      In the welcome speech, the Minister said that due to the current low rubber prices,
the Prime Minister has assigned him to visit the tire factory today, with an
aim to solve the problem, so that the farmers can earn living on rubber
plantation, instead of  cultivation of
other plants. 

          To cope with the declining prices, the Rubber Authority of Thailand will cooperate with the private sector to produce tires to be used in all government agencies. After factory inspection, the Minister mentioned that Huayi Co.’s tyres, have been recognized and exported to U.S.A., Europe and around the world. Consequently, it will be of great benefit to rubber farmers as well. 

From now on, the Rubber Authority of Thailand will coordinate with the Huayi Co. to sign a cooperation agreement to purchase latex or rubber sheets from farmers in the area. This will help chalk up the price of rubber as well. The foreign investment will not only help improve Thai rubber industry’s technology and expand the markets overseas, but also will increase Thai farmers’ local farmers.

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