Kola Loka to establish natural rubber plant in Oaxaca

Industrial group Kola Loka will invest in Oaxaca roughly US$3.6 million to establish one of the  industrial plants for natural rubber, to generate over 100 direct jobs, and benefit over 20,000 agrarian producers in the region of the Papaloapan Basin, confirmed the Secretary of Economy (SE), Jesus Rodriguez Socorro. He added that the industrial plant will be established in the Municipality of Loma Bonita and the factory will process the usage of natural rubber plant as a raw material, which will permit the industrialization of latex, tires, bottles, and different utensils.