Rubber activity for the company is concentrated in the central part of Liberia, in the Southeastern region, and in Western Cote d'Ivoire. Agro Inc has acquired and controls some 6,700 acres of rubber plantations. Of this number, only about 4,000 acres still contain standing rubber trees, whose most productive years were lost during Liberia's prolonged civil conflict. To supplement production and processing demands, we further source an additional 1,200 to 1,440 tons annually from smallholder rubber suppliers.
Currently, Agro Inc exports processed rubber to clients in Cote d'Ivoire and the People's Republic of China. In the next few months, we shall begin exporting processed rubber to small manufacturing clients in Turkey and to South Africa. Though the company currently processes rubber using leased manufacturing equipment, our extensive studies have shown that the success of establishing our own manufacturing plant in Liberia will be greatly increased once a reliable source of latex is established from farmlands that we control.
Agro, Inc. has partnered with the International Rubber Research and Development Board (IRRDB) for consulting in rehabilitating our rubber estate holdings. We expect our newly planted crops to become harvestable in 2014.