GROW Liberia, in collaboration with the Nationwide Funding Fee, is internet hosting an funding summit on June 19 to showcase Liberia’s emergence as a burgeoning hub for Ribbed Smoked Sheets rubber processing in West Africa, a launch from GROW Liberia says.
With near a century of expertise as one in all Africa’s main pure rubber producers, over 100,000 hectares of rubber plantations underneath cultivation, and technical faculties providing programs in rubber cultivation and processing to a youthful workforce, Liberia is nicely positioned to develop its prominence as a Ribbed Smoked Sheets (RSS) producer in West Africa.
Presently, GROW Liberia is working with rubber farms to determine a enterprise and funding case for the manufacturing of Ribbed Smoked Sheets (RSS), another market channel for smallholder farmers. That is a part of the group’s systematic strategy to extend the competitiveness of the Liberian rubber sector and enhance outcomes for men and women working within the sector.
GROW can be working to decrease the price of supporting and technical companies together with expert workforce, viable progress capital, cost methods, and improved inputs, that underpin inclusive rubber business progress broadly
For the rubber sector in Liberia, RSS represents another, much less capital-intensive type of processing with the potential to contain a wider vary of actors in worth addition.
RSS is an middleman rubber product used to fabricate a spread of completed items from tires, to medical provides, hoses, and footwear. It’s most well-liked for its high quality and sturdiness, attracting a premium worth on worldwide markets.
An RSS processing facility has operated in Margibi County since 2015 and as of mid-2019, two additional amenities are nearing completion alongside Liberia’s rubber farming belt. RSS manufacturing in Liberia is predicted to exceed 1,500 tons per 12 months in 2020. At these volumes, native abilities improvement and established provider relationships ought to ease the funding local weather for brand spanking new processors.
This funding summit will convey collectively companies, traders, authorities companies, monetary establishments, and improvement applications to debate the funding alternative for RSS, share experiences from the primary Liberian RSS amenities and type connections that allow additional funding and set up Liberia as a burgeoning hub for RSS processing in West Africa.
“With virtually a century of expertise as a significant rubber producer, there’s no motive why Liberia shouldn’t be a significant provider for worldwide patrons trying to increase their RSS sourcing networks,” mentioned YoQuai Lavala, GROW Liberia’s workforce lead. “We’re aiming to generate momentum for traders within the RSS alternative in Liberia.”
GROW Liberia is a enterprise and funding advisory company that collaborates with companies, traders, associations, and authorities companies to speed up systemic options that remodel high-growth industries and drive inclusive financial progress.
Traders and different teams eager to attend the invite-only funding summit can request an invitation on-line, by electronic mail at [email protected], or by calling +231-881-733-068.