Finland firm eyes construction of $200M rubber plant in Mindanao

MANILA, Philippines — A Finnish company is targeting to put up a $200-million rubber manufacturing plant in Mindanao in the next two years to boost the country’s local production, the Department of Agriculture (DA) said.
DA-attached agency Philippine Rubber Research Institute (PRRI) said tire manufacturer Black Donuts Engineering Inc. from Finland are eyeing the construction of a 50-hectare rubber manufacturing plant in Davao.