Business

Leading plastics company cooperates with Japan

Tien Phong Plastic Joint Stock Company, a leading plastics producer in Vietnam, signed a contract with Sekisui Chemical Co. Ltd. from Japan in the northern city of Hai Phong on July 22 in a bid to promote investment and expand its markets and operations in regional countries.
Tien Phong Plastic Joint Stock Company, a leading plastics producerin Vietnam, signed a contract with Sekisui Chemical Co. Ltd. from Japanin the northern city of Hai Phong on July 22 in a bid to promoteinvestment and expand its markets and operations in regional countries.

Under the contract, Tien Phong and Sekisui Chemicalwill cooperate in selling the latter’s several products to Japan ’sODA-funded projects in Vietnam among others.

TheJapanese company will transfer necessary equipment and give technicalassistance to Tien Phong to produce these products. It will also shareinformation relating to patents, technology and trademarks with theVietnamese side.

If sales total 300 million JPY (3million USD), the two sides will consider the establishment of a jointventure to produce these plastic products in Vietnam.

With three factories in Hai Phong, the southern province of BinhDuong and Laos’ Vientiane, Tien Phong produces 75,000 tonnes ofproducts per year. Recently, the company received the 2012 GlobalPerformance Excellence Award from the Asia-Pacific QualityOrganisation.-VNA
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