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| Production of raincoats at Rạng Đông Plastics Joint Stock Company (RDP). The company and Sojitz Pla-Net, a Japanese corporation, signed a strategic partnership on December 5. — Photo rangdongplastic.files.wordpress.com |
Viet Nam News
HÀ NỘI — Rạng Đông Plastics Joint Stock Company (RDP) and Sojitz Pla-Net, a Japanese corporation, signed a strategic partnership on Wednesday, taking a new step towards co-operation between the two sides.
The existing co-operation between them is the development of the Rạng Đông Long An Plastics factory with a total investment at US$32 million in the first stage.
Earlier, RDP sold 20 per cent of its capital at the Rạng Đông Long An Plastic Joint Stock Company that operates the Rạng Đông Long An plastics factory for Sojitz Pla-Net, reported tinnhanhchungkhoan.vn.
Becoming RDP’s strategic shareholder, Sojitz Pla-Net will supply raw material and have support in soft skills as well as in sales for RDP via Sojitz Planet’s retail system in Việt Nam and exports to neighbouring markets, the Sojitz Pla-Net chairman said.
RDP chairman Hồ Đức Lam said when being put into operation, the project of Rạng Đông Long An will meet increasing demand on plastics in the domestic market and also exports to many countries.
The factory is equipped modern machinery, including packaging workshop meeting HACCP standard, to develop global supply chain in line with standards of the US, Japan and European markets.
Lam expected with this co-operation, RDP would sustainably develop to become the leading company in Việt Nam’s plastic market and to be one of the top 10 companies supplying plastics resin in Asia by 2020. — VNS
