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In 1906, when Malaya was still
under British administration, a London based Kuala
Lumpur Rubber Co. Ltd. (KLR) was incorporated on 19 May
1906. KLR is set out to plant rubber trees around
Kuala Lumpur to capitalize on the
booming rubber price brought about by the
introduction of the modern motor-car and pneumatic
rubber tyres as replacement for
horse-drawn carriages in the United States. Among
KLR's first board members were a Mr Edouard Bunge and
Alfred Grisar. The two men's names were contracted to create
the name Bunge-Grisar rubber estate or Bungsar Estate. |
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