The world is moving beyond rubber.
This week, the world’s biggest producer of the material announced plans to start a rubber plant in South Korea, and the first of its kind in the world.
The company is a joint venture between Samsung and the state-owned Korea Rubber Production Co. of South Korea.
The two companies will create a massive factory in the southern port city of Pyeongtaek that will produce rubber for the rubber industry.
The plant will be able to produce more than 1.4 billion tons of rubber annually.
“The South Korean rubber industry is very important to the world,” said Joo Han-su, CEO of the Korea Rubber Plant.
“If we can build a facility to supply the rubber in South Africa, the rest of the world will benefit.
This is not only for South Korea but for the world.”
The plant, which will have a production capacity of 1.2 million tons per year, will start operating in 2019.
The rubber will be sold to other countries, including Japan, China, and Indonesia, according to Samsung.
The South Korean government has already committed to investing $30 million into the plant, and it will be staffed with 3,500 employees.
The factory will be operated by a subsidiary of Samsung’s main manufacturing partner, LG.
The new plant will make rubber in Korea, where it will begin making rubber for Japan’s Nissan Motor Company.
The move to South Korea comes as the world moves away from rubber, which is used in everything from furniture to clothing.
The Japanese government announced last year that it was banning the use of rubber in automobiles and other products.
But a recent study showed that as much as 60% of all rubber used in China is imported from South Korea and South Korea is the second largest exporter to China.
It’s also used to make some of the products that make up the world of smartphones, tablets, and televisions.
According to Samsung, it is “excited” about the potential of the new plant in Pyeongsang.
“We are going to be able produce rubber from South Africa that is also used in the global market,” Joo said.
“It is an important project for South Korean manufacturing.”