Hainan Natural Rubber Industry Group Co., Ltd., the largest rubber industry group in China, was officially established in Haikou, Hainan Province.
Hainan Natural Rubber Industry Group Co., Ltd. is a joint-stock limited liability company approved by the Ministry of agriculture and the people's Government of Hainan Province, jointly established by Hainan Agricultural Reclamation Corporation, Guangdong Agricultural Reclamation group, Sinochem International, Zoomlion rubber, etc., with a registered capital of 3.145 billion yuan and a total asset of 5.6 billion yuan. Wu Yarong, chairman of the board of directors, said that Hainan has a unique advantage in the development of natural rubber environment and resources. As a characteristic resource and product of Hainan, rubber has always been the pillar industry of Hainan's agricultural economy. At present, the company has 3.62 million mu of rubber garden, with an annual output of 230000 tons of dry rubber, covering an area and output of more than 40% of the whole country. It is the largest natural rubber production base in China. Natural rubber, steel, oil and coal are called four industrial raw materials. The demand for natural rubber in the world is increasing rapidly year by year. In 2004, the world's natural rubber output was 8.22 million tons, consumption was 8.29 million tons, China's dry rubber output was 590000 tons, and consumption was 1.85 million tons.