15:52 | 28/10/2015 Companies
Showa Holdings Co Ltd headquartered out of Kashiwa, Chiba Prefecture, Japan has formed a new wholly-owned subsidiary producing rubber coated products for the construction industry in Vietnam.
“The rubber coating industry is still in its infancy and we are excited about getting in on the ground floor of an industry that holds so much promise,” said an official of Showa at the launch.
In addition, the nation has extensive natural rubber reserves, which makes it an ideal location to base our production facilities and is a primary reason we decided to locate the new venture in Vietnam.
The formation of Showa Rubber Vietnam, Co, Ltd will help execute the group’s business strategy in Southeast Asia and become the leading producer of coated rubber products in Asia./.