Rang Dong, Sojitz Pla-Net sign strategic partnership
Rang Dong Plastics Joint Stock Company (RDP) and Sojitz Pla-Net, a Japanese corporation, signed a strategic partnership on December 6, taking a new step towards cooperation between the two sides.
Production of raincoats at Rang Dong Plastics Joint Stock Company (RDP). (Photo: rangdongplastic.files.wordpress.com)
Hanoi (VNA) - Rang DongPlastics Joint Stock Company (RDP) and Sojitz Pla-Net, a Japanese corporation,signed a strategic partnership on December 6, taking a new step towards cooperationbetween the two sides.
The existing co-operation between them is thedevelopment of the Rang Dong Long An Plastics factory with a total investmentat 32 million USD in the first stage.
Earlier, RDP sold 20 percent of its capitalat the Rang Dong Long An Plastic Joint Stock Company that operates the Rang DongLong An plastics factory for Sojitz Pla-Net, reported tinnhanhchungkhoan.vn.
Becoming RDP’s strategic shareholder, SojitzPla-Net will supply raw material and have support in soft skills as well as insales for RDP via Sojitz Planet’s retail system in Vietnam and exports toneighbouring markets, the Sojitz Pla-Net chairman said.
RDP chairman Ho Duc Lam said when being put intooperation, the project of Rang Dong Long An will meet increasing demand onplastics 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 supplychain in line with standards of the US, Japan and European markets.
Lam expected with this cooperation, RDP wouldsustainably develop to become the leading company in Vietnam’s plastic marketand to be one of the top 10 companies supplying plastics resin in Asia by 2020.-VNA
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Production of raincoats at Rang Dong Plastics Joint Stock Company (RDP). (Photo: rangdongplastic.files.wordpress.com) 
