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Rubex Plastics seeks land plots abroad for planned expansions

Rubex Plastics seeks land plots abroad for planned expansions
Rubex
RUBX
-6.61% 5.23 -0.37
The board of Rubex Plastics Co., in a meeting held on Sunday, approved authorizing the chairman and managing director to look for land plots outside the country that fit the firm's planned expansions.
The Industrial Development Authority (IDA) had allocated 4,000 sqm out of 50,000 sqm the company required for expansions.
Following that decision, the plastics maker objected to the decision and filed a complaint to the IDA.