INDUSTRY stakeholders in the country will converge for the second Philippine Rubber Investment and Market Encounter (PRIME) from November 10 to 11 at the SMX Convention Center in Davao City.
PRIME 2015 aims to push the development of the Philippine rubber industry by building a nationwide strategic alliance among industry stakeholders.
The event also intends to serve as a platform to launch the manufacturing resurgence program for the rubber industry by positioning regions in Mindanao as new hubs for rubber products manufacturing.
The event is spearheaded by the Department of Trade and Industry (DTI) in collaboration with the Philippine Rubber Industries Association (PRIA) and the Department of Agriculture (DA).
With the theme “Expanding Opportunities for Inclusive Growth”, PRIME 2015’s highlights include a business conference, market encounter, and industry exhibits providing access to information related to business opportunities in the entire rubber industry and value chain, with emphasis on value-adding through processing and manufacturing.
Experts from the Philippines, Singapore, Malaysia, and India will also be sharing inputs about the industry. Some 750 participants coming from rubber growers/producers, processors, national government agencies, the local government units, financing institutions, manufacturers, traders/exporters, PRIA members, and local and international non-government organizations are expected to converge during the two-day activity.
The business conference will center on five important topics thru plenary sessions. The first day will see plenary sessions on the Rubber Industry Outlook, Mindanao As a Rubber Manufacturing Hub, and Government Support.
The first session will touch on the current world rubber industry outlook, future pricing of rubber and rubber products, and the harmonization of rubber and rubber products standards.
The second session will focus on promoting Mindanao as rubber manufacturing hub.
Day 2 will have three sessions starting with Productivity for Sustainable Growth, where latest research and developments in the industry will be tackled along with the adoption of best practices.
Plenary Session 4 will be on investment in rubber, particularly on value-adding for sustainable growth. This session will discuss opportunities in rubber products manufacturing.
Finally, the fifth session will center on Industry Competitiveness Thru Science and Technology.
Dr. Sitti Amina Jain, DTI-9 regional director and national rubber coordinator, said: “We are inviting all our industry players throughout the country to participate in this year’s PRIME as this activity aims to further strengthen and develop our rubber industry.“