Is it true that SRIB factories owe tens of millions of dollars to private rubber factories? This caused the lowering of rubber prices in order to cover the amount of debt. An SRIB employee (*complainant states that the name is confidential*) claimed that the debt happened because the rubber stock in SRIB has melted. And that the price is only slightly affected by the market. (complainant: Boyoton Andu on 10 February 2014)

No. LIGS does not deal with any private factory. LIGS does not owe any body any money.

The debt claims are unfounded. Rubber prices are currently low because the world market price for rubber has dropped from RM13, 000 per tonne in 2011 to RM6, 300 per tonne today. Please read the Press Release regarding the decline in rubber prices today (February 10, 2014).

Information in this page was last updated on 11 February, 2014.
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