The general manager of Sud Cameroun Hevea S.A., a local affiliate of Singapore's GMG Global, said Tuesday of his company could possibly double Cameroon's annual crude rubber production in four years (Dow Jones International News).

"Considering that we'll have favorable weather, we intend to open over 30,000 hectares of rubber plantations, which should be giving us over 60,000 tons of raw rubber yearly. This will certainly be more than the current yearly rubber production in Cameroon," said Jean Marc Seyman in an interview with state-run television.

Cameroon's crude rubber production for this year is forecast at 53,462 metric tons, up from 52,517 tons produced in 2010, according to government data.  GMG Global and the Cameroon government reached an agreement Monday, which authorized the Asian firm to acquire 45,200 hectares of land in southern Cameroon for the production of rubber and palm oil.