Vice President Boakai Tours Nyanforla Rubber Factory

Saturday, 17th November 2007
Monrovia, Liberia - Liberian Vice President Joseph N. Boakai is urging Liberians to cooperate and work with investors in their areas and not to abuse opportunities that these investments will bring for them.

He further urged citizens to consider investments as part of governmentís effort to improve their lives.

Vice President Boakai made the call Saturday, when he paid a fact-finding visit to the Lee Group of Companies in Nyanforla, Salala District, Bong County.
The company located on a 250-acre stretch of land, will, upon completion, produce rubber products.

Following a tour of the companyís facilities now under construction, Vice President Boakai described it as one of the largest post-conflict investments in Liberia.

He assured the Unity Party-led governmentís fullest cooperation with and protection of both local and foreign investments, and called on investors to respect the countryís laws.

He said establishment of the factory in Liberia is a manifestation of confidence in the government headed by President Ellen Johnson Sirleaf.

The General Manager of the Company, C.W Cheung who guided the Vice President on a tour of the companyís facilities, disclosed that the US$4 million factory will begin full-scale operations early next year.

He said apart from operating the factory which will produce rubber products such as chairs and rubber slippers, the Lee Group of Companies will also cultivate a 150,000 acre rubber plantation to sustain the factory production

He expressed optimism that both the farm and factory will employ an estimated 1,000 persons.