GMG

GMG: expects annual pdtn to increase to 150k tpa by 2012, up from 100k tpa this yr, to meet the rising demand from emerging markets China and India. Asian physical rubber prices made record highs recently, as severe flooding in Thailand damaged rubber output and caused shipment delays. This comes at a time when rubber supply is already low because of seasonal rain in Thai, Msia, which disrupts tapping. Yields will also be lower as winter kicks in beginning of next yr...

To increase rubber tonnage, mgt is looking to acquire SE Asian firms that own processing plants, to secure more land concessions in Africa. GMG has two processing plants in Kalimantan, Indonesia, and plantations in Cameroon and Ivory Coast with 42.6k ha of land concessions. It expects to add 0.8-1k ha of rubber plantation next yr, and 2k additional ha each yr thereafter. GMG recently set up a JV in Cameroon to secure more land concessions in the country.