Ho Chi Minh City – Chinese polyurethane company Huafon Group set up an office in Ho Chi Minh City in December 2018.
This is the group’s first office in south-east Asia. It has also opened an office in Saint Louis, Missouri, and sales subsidiaries in Turkey and Pakistan.
The Vietnam office started a new chapter for the company's localised marketing efforts in the Asia Pacific region, its website said.
Vietnam has been Huafon’s most significant market in Asia Pacific, claimed group vice president You Feihuang at the opening ceremony.
The new office will serve as a stronghold for services and communication in the region. It will support business in nearby countries, including Thailand, Myanmar, Indonesia and Malaysia, he added.
Huafon claims to be a leading player in the Chinese market in segments such as TPU, PU elastane, adipic acid and polyester polyols. The group currently has 12,000 employees and generated CNY32.3 bn ($4.7 bn) revenue in 2017.
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