The France-based Jaccar Group is to buy 30 percent of the My Lan Chemical Company stock and turn it into a leader in the printing industry in Vietnam and the region as well.

Under an agreement signed on February 27, the financial giant will inject 12 million USD into the My Lan Company’s coffers to build a second chemical factory and an optoelectronics factory and to develop its 3D printing business.

Jaccar will also help restructure the company--which has been renamed the Mylan Joint Stock Company—as well as author and implement a development strategy, focussing on the final goal of the company listing its shares on the stock market.

My Lan is a leading company in Vietnam , specialising in research, production and application of pure chemicals in digital printing and optoelectronics. It is also the first in Vietnam to produce environmentally-friendly Computer-to-Plate printing plates for both domestic use and export./.