Wednesday, April 27, 2011

GMG Global resumes Ivory Coast operations

Singapore-listed rubber firm GMG Global (GMGG.SI) said on Wednesday its subsidiary in Ivory Coast as resumed operations on April 26.

GMG Global said earlier this month its plantation and processing facilities in the Ivory Coast would halt operations temporarily due to a country-wide curfew and disruption in transportation after civil unrest erupted in the country.
 
GMG Global, which is 51-percent owned by China's state firm Sinochem International (600500.SS), expects its annual production to increase to 150,000 tonnes a year by 2012, up from 100,000 tonnes in 2010, the company said last year.
 

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