Cooperative Ltd (Rubco), a major cooperative body for
promoting rubber-based products in Kerala, is embarking
on an expansion and diversification programme, for which
the body is seeking an amount of Rs 1,300 crore, mainly
from foreign financial institutions (FFIs).
expansion programme includes setting up a tyre plant
and a sports shoe manufacturing facility in the state,
while the diversification plans include venturing into
manufacturing of coir-based products and starting coconut
oil mills in the state, says Rubco chairman E Narayanan.
is in negotiations with certain FFIs based in Singapore
and the UK for loans, and discussions are in final stages,
says Narayanan. "The work on the projects will
begin within two months."
body expects an outlay of Rs 750 crore for setting up
the tyre-making unit, while Rubco has received assurances
from the US-based company for buying shoes from its
to-be-commissioned facility. Rubco plans to set up the
shoe-making unit in Thalassery, near Kozhikode.
is also planning to set up another rubber-based products
factory in Thalassery, says Narayanan. The cooperative
body expects these initiatives to generate additional
10,000 jobs. At present, Rubco employs around 1,300
personnel in its different manufacturing units, including
those in rubber sandals, cycle tyres and tubes and rubber-wood
part of its diversification plan, four factories with
coconut as raw materials will be set up. Rubco also
plans to set up 500 coconut oil mills and a coir manufacturing
unit, which will provide raw materials for the company''s
mattress plant in Kottayam.
unit to make soft drinks, based on coconut water, will
be set up in the state, with technical help from an
Oman-based company, says Narayanan. "A memorandum
of understanding has been signed in this regard."
factory for the production of activated carbon from
coconut shell is also on cards and Rubco has signed
an agreement with a US-based company for technology
transfer for the carbon unit.