Li Xuetao heads up Halcyon Agri Corporation, a top global natural rubber supply chain giant

Profile


Li Xuetao is the CEO and executive director of mainboard-listed commodities giant Halcyon Agri Corporation, which is part of China’s Sinochem International Corporation. Halcyon Agri Corporation comprises Halcyon Rubber Company, which supplies natural rubber to tyre makers, and Corrie MacColl, a producer of specialist polymers for industrial and non-tyre applications.

Halcyon Agri Corporation posted a 49.6 per cent year-on-year increase in revenue for the six months ended 30 June 2021, pulling in US$1.15 billion. The firm also made a net profit of US$759,000 for the first half of the year. Prices of natural rubber had jumped in early 2021 due to strong post-lockdown demand and a dearth in the supply of natural rubber because of pandemic curbs.

Li, who has over two decades of experience in the natural and synthetic rubber, and tyre industries, was previously the CEO at GMG Global. Halcyon Agri Corporation had acquired GMG Global in 2016 to consolidate the natural rubber business of its majority shareholder, Sinochem.

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Global demand for natural rubber, 85 per cent of which is grown in Southeast Asia, has been rising 5 per cent a year during the last two decades. 

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