The economic importance of cork is:
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It is used in the production of various products like hats, mats, floats, fishing rods, life jackets etc.
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It is also used in the production of pen holders, cigarette tips, stoppers etc.
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The cork board is used in the making of vibration and sound proof rooms in industries.
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The cork board is also used as insulator in refrigerators, houses and cold storage of plants.