Michelin now sole owner of RLU sustainable rubber project
With the purchase of the 49 per cent shareholding that Barito Pacific Group had in Royal Lestari Utama (RLU), the joint venture pilot project to develop sustainable rubber tree plantations in Indonesia becomes a 100 per cent Michelin-owned affair. Moving forwards, Michelin views RLU as a “significant long-term opportunity to actively contribute to making the natural rubber sector more sustainable.”