Polymer Composite Forms Joint Venture in Europe
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Wednesday, 18 February 2009 |
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Hexagon Holdings, via its wholly owned subsidiary Polymer Composite
Asia Sdn Bhd, has entered into a Joint Venture Agreement with Phare du
Four Gmbh, to incorporate a joint venture company in Schutterwald,
Germany under the name of Hexagon Europe Gmbh.
The incorporation of Hexagon Europe is to undertake the business of
corporate retail signages in the European market. Hexagon Europe shall
serve as a regional hub for global and local customers to support the
sales, marketing, distribution as well as providing warehousing and
sub-assembly facilities.
Hexagon Europe will be in a position to receive orders from European
customers, including a current oil major customer of Hexagon Holdings
which requires a locally incorporated company.
The establishment of Hexagon Europe via a 51:49 venture with Phare du
Four, will enable Hexagon to provide an End-to-End solution for our
customers in the Euro zone.
The European market is an exciting new segment for the Hexagon Group
and this new entity marks the launch pad for the group to grow its
European operations.
PetrolWorld 180109
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