Leading plastics company signs contract with Japan

Tien Phong Plastic Joint Stock Company signed a contract with Sekisui Chemical Co Ltd from Japan on Monday in a bid to promote investment and expand their markets and operations in regional countries.

Under the contract, Tien Phong, a leading plastics producer in Viet Nam, will sell Sekisui Chemical's products to Japanese ODA projects in Viet Nam, among others.

The Japanese company will transfer equipment and provide technical assistance for Tien Phong to produce these products. It will also share information relating to patents, technology and trademarks.

If sales total 300 million JPY (US$3 million), the two sides will consider the establishment of a joint venture in Viet Nam.

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