Hanoimilk inks partnership deal with RoK’s Maeil

19/09/2007 -- 10:42 AM

Ha Noi (VNA) – The Ha Noi Milk Joint Stock Company (Hanoimilk) inked a partnership deal with Maeil, one of three major milk producers of the Republic of Korea, on September 18. Hanoimilk executives hope the deal will give the company, which holds the third-largest market share in Viet Nam, greater international exposure. “Maeil products are already available in over 20 overseas markets, so I truly expect the cooperation will help Hanoimilk expand its reach beyond our borders,” said Tran Dang Tuan, CEO of Hanoimilk. The RoK partner will help Hanoimilk broaden its production lines, adopt new technology and improve their management capabilities. The company will also support Hanoimilk to build a milk processing plant in southern region of the country. The company has received an approval from the State Securities Commission to increase its charter capital from 75 billion VND (4.69 million USD) to 100 billion VND (6.25 million USD) by issuing shares on the Ha Noi Securities Trading Centre in early October.-Enditem
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