Jeety Rubber purchases Salala Rubber Corporation from Socfinaf S.A.

Weala, Liberia – Jeety Rubber Liberia Limited Corporation has purchased a 100% stake in Salala Rubber Corporation (SRC), taking over the ownership of the company from its previous owner, Socfinaf S.A.

A statement issued by Socfinaf S.A in Luxembourg on August 27, 2024, disclosed that the purchase of SRC by Jeety Rubber was concluded on August 26, 2024.

According to Socfinaf S.A, Jeety Rubber LLC recognizes the importance of matters relating to land compensation and access to sacred sites to the local communities and has pledged its support to Socfinaf which has indicated that despite the sale of SRC to Jeety Rubber LLC, it remains fully committed to SRC’s 2023 Action Plan regarding land compensation issues and access to sacred sites, based on the findings of the Earthworm Foundation on-site investigation.

Jeety Rubber LLC, a subsidiary of the Jeety Conglomerate based in Weala, Margibi County, buys and processes rubber into finished and semi-finished products, TSR 10, for shipment.