Sri Trang (SET: STA) announces delivery of EUDR rubber to customers
2024年5月16日 - 6:00PM
JCN Newswire
Sri Trang Agro-Industry PCL (SET: STA), the world's leading and
largest integrated natural rubber business operator and Thailand's
largest rubber glove manufacturer, began delivery of EUDR rubber in
May this year to several major branded tire manufacturers in
Europe, South Korea, China and other countries, reinforcing the
Company's readiness to support the European measures to trace back
the origin of natural rubber - the procedures are expected to come
into force by the end of this year. Similar measures are also set
to be implemented by countries in other regions around the world in
the near future.
Mr. Veerasith Sinchareonkul, STA's Executive & Managing
Director, announced that in April-May 2024 the Company began to
deliver natural rubber compliant with EUDR (EU Deforestation
Regulation) to customers who placed their orders by May 2024. STA's
"Global Platform for Sustainable Natural Rubber (GPSNR)" commands
higher selling prices than most other sources, with customers
consisting of many nationalities from Europe, South Korea, China
and other Asian countries where there is a demand for EUDR rubber
to be processed into products that will be exported to countries in
the European Union in response to upcoming EUDR enforcement
expected by the end of 2024. The EUDR will regulate the export of
natural rubber and products processed from natural rubber to
Europe, requiring traceability verification to ensure that the
sources of natural rubber are not involved in deforestation and are
not an encroachment of forested areas.
Currently, the Company is fully ready to export all types of EUDR
rubber, such as latex concentrates, rubber blocks, rubber sheets,
etc., This readiness results from ongoing preparations to support
these measures. More importantly, the database management system
has been developed in collaboration with farmers and rubber dealers
to identify land designated for rubber plantations. This system
inputs data into the "Sri Trang Friends of Farmers" application
allowing 100-percent traceability of rubber sources. Additionally,
the launch of "Global Platform for Sustainable Natural Rubber"
enables direct tracing of produce back to its origins. These
initiatives demonstrate the Company's full readiness to comply with
the EUDR requirements from Europe, as well as from other regions in
the near future for full traceability of the sources of natural
rubber.
"We have been advance preparing for some time for the exportation
of EUDR rubber to countries in the European Union or their trading
partners. Our operations place full emphasis on the policy that
prioritizes environmental, society, and good corporate governance,
together with our stance on conducting business sustainably and
transparently, and in compliance with regional regulations. The GPS
Natural Rubber will enhance the competitiveness of the Sri Trang
Group of Companies while also elevating Thailand's standards on
rubber production above those of other countries'. This initiative
will also open up the opportunity to increase Thailand's trade
advantage and leverage higher prices for Thailand-sourced rubber,"
Mr. Veerasith added.
Released by Public Relations Dept., MT Multimedia Co., Ltd. for Sri
Trang Agro-Industry PLC
For additional information, please contact: Wasana "Jeab"
Wongsiri
Tel: +66 84 359 0659, +66 2 612 2081 ext.131; E:
wasana.w@mtmultimedia.com
About Sri Trang Agro-Industry PCL
Sri Trang Agro-Industry PCL (STA) was established in 1987. With
determination and intention, STA has grown and become a fully
integrated natural rubber company. For the upstream business, the
Company invested in large-scale rubber plantations and currently
has an area of 7,500 hectares for rubber and other economic crop
plantations in 19 provinces of Thailand. As the world's largest
fully integrated producer and distributor of natural rubber, STA is
committed to growing in lockstep with the economic development of
the local communities of Thailand.
Sri Trang Agro-Industry PCL: www.sritranggroup.com/en/home [SET:
STA][SGX: NC2][FRA: YTAA][OTCPK: SLJUY]
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