{"id":49819,"date":"2023-08-10T16:42:49","date_gmt":"2023-08-10T16:42:49","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/liberias-first-rubber-processing-factory-is-nearing-completion"},"modified":"2023-08-10T17:07:37","modified_gmt":"2023-08-10T17:07:37","slug":"liberias-first-rubber-processing-factory-is-nearing-completion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion","title":{"rendered":"Liberia\u2019s First Rubber Processing Factory is Nearing Completion"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>Liberia is on the brink of a significant economic milestone as the country\u2019s first rubber processing plant, Jeety Rubber Factory, is nearing completion.<\/p>\n<p>The factory, poised to make a substantial impact on the lives of smallholder farmers and the national economy, is scheduled to commence operations within the next two months. Founded by Upjit Singh Sachdeva, a visionary business tycoon, the groundbreaking venture is a significant stride towards Liberia\u2019s quest for value additions as it will process raw rubber into refined products ready for export and domestic use.<\/p>\n<p>\u201cOur goal has always been to contribute to Liberia\u2019s economic development by not only adding value to the country&#8217;s natural resources but also creating employment opportunities for the local community,\u201d Sachdeva said.<\/p>\n<p>\u201cThe factory is 98 percent completed and, in a month or two by the grace of God, we will start the production. The completion is a testament to our commitment to this vision as well as generating numerous employment opportunities for the local population, thereby contributing to poverty reduction and skills development.<\/p>\n<p>The Rubber Factory is strategically located in Weala, Cinta District, Margibi County \u2014 a region known for its abundant rubber plantations. Equipped with cutting-edge technology and adhering to the highest quality standards, the factory is poised to meet the growing demand for rubber-based products across industries such as automotive, construction, and consumer goods, both locally and across the sub-region.<\/p>\n<p>The Minister of Agriculture, Jeanine Cooper, while inspecting ongoing construction works at the factory a few weeks ago, noted that the US$30 million investment would play a critical role in providing additional revenue outlets for smallholder and large-scale rubber farmers in dire need of cash.<\/p>\n<p>The factory, Cooper noted, would address the critical issue of financial insecurity faced by rubber farmers, playing a pivotal role in ensuring that farmers can sustain their livelihoods and improve their economic well-being.<\/p>\n<p>\u201cFirestone is the main big player that buys from the Liberian farmers,\u201d Cooper said during a visit to the factory over the weekend. \u201cIf the Firestone plant breaks down and they can\u2019t buy from the Liberian farmers, the whole economy feels it.\u201d<\/p>\n<p>Liberia, arguably the most prime location for production of natural rubber in the world, has traditionally been a major exporter of raw rubber, leaving farmers, particularly smallholders who constitute a significant portion of the agricultural workforce, struggling at the mercy of export markets when it comes to obtaining fair prices.<\/p>\n<p>However, the factory, which is in dire need of rubber for processing, now emerges as a key player in bridging the gap between farmers and the market, offering them a reliable avenue to generate income as it has the capacity to process more than 60 tons per hour.\u201cMoreover, the establishment of the factory will likely stimulate related industries, fostering a ripple effect of economic growth in the country,\u201d Sachdeva added.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/rwanda\">Rwanda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. Liberia is on the brink of a significant economic milestone as the country\u2019s first rubber processing plant, Jeety Rubber Factory, is nearing completion. The factory, poised to make a substantial impact on the lives of smallholder farmers and the national economy, is scheduled to commence operations within the next two months. Founded [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":49817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[760,763,758],"class_list":["post-49819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Liberia\u2019s First Rubber Processing Factory is Nearing Completion - Rwanda<\/title>\n<meta name=\"description\" content=\"Liberia is on the brink of a significant economic milestone as the country\u2019s first rubber processing plant, Jeety Rubber ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberia\u2019s First Rubber Processing Factory is Nearing Completion\" \/>\n<meta property=\"og:description\" content=\"Liberia is on the brink of a significant economic milestone as the country\u2019s first rubber processing plant, Jeety Rubber ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-10T16:42:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-10T17:07:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/08\/sm_1691674613.323847.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Liberia\u2019s First Rubber Processing Factory is Nearing Completion\",\"datePublished\":\"2023-08-10T16:42:49+00:00\",\"dateModified\":\"2023-08-10T17:07:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion\"},\"wordCount\":495,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2023\/08\/sm_1691674613.323847.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/liberias-first-rubber-processing-factory-is-nearing-completion\",\"name\":\"Liberia\u2019s First Rubber Processing Factory is Nearing Completion - 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