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| NCT & Itochu Corporation signs JV |
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On February 14th NCT and Itochu got together in Amsterdam for the signing ceremony of the Joint Venture.
Itochu Corporation and the NCT Group announce cooperation in Plastics trading and distribution Itochu Corporation and NCT are pleased to announce that they have signed an agreement to establish a Joint Venture company in NCT Holland BV. Itochu has acquired a minority stake for an undisclosed sum and the option right to acquire a majority stake in the coming years.Itochu Corporation: Mr. Hiroyasu Kawakami General Manager Plastic Department Itochu Corporation says: " Itochu is traditionally stronge in South East Asia and the Far East and needed to add some expertise and in-depth market knowledge and penetration in Europe, Turkey, the Middle East, Africa and the Indian sub-continent. NCT was the ideal partner for us to expand in the above mentioned regions as they are in those areas traditionally strong and represented with several offices. We are very pleased that we were able to come to an agreement with NCT as their skills and market coverage are clearly complementary to the present Itochu plastics trading and distribution network." NCT: Mr. Marco Huysmans President of the NCT Group and Managing Director of NCT Holland BV says: " As a consequence of the built up of Petrochemical complexes in the Middle East a considerable change in product streams is expected. To play a serious role and be able to serve our markets in the best possible way NCT has in the last few years heavily invested in its sales and distribution network. However, we clearly felt that we needed a strong partner to be able to create more serious growth steps and take full advantage of the opportunities that will arise. NCT is very pleased with the fact that Itochu agreed to this cooperation and we feel that they are the ideal partner for us to achieve our long term strategic goals. " 15-02-2008
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NCT Holland B.V. Minervum 7208A Breda, 4817 ZJ The Netherlands Tel:+31 765315780 Fax: +31 765147482 Route |
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NCT Plastics News |





