In November 2017, Showa Brain Navi Vietnam Co., Ltd, the subsidiary of Showa Holdings engaging in rubber and entertainment contents business completed a memorandum of understanding (MOU) on collaboration in the provision of rubber lining business in Vietnam with PetroVietnam Coating Joint Stock Company (PVC). The official signing ceremony took place at PVC office in Dong Nai province on 22 January 2018.
PVC is the first company in Vietnam specialized in pipe coating under Vietnamese state-owned oil and gas giant PETROVIETNAM. Since the beginning of its operation in 2010, PVC has been a leader of improving coating technology by adopting latest facilities and has accomplished many works. PVC is also recognized as the most innovative company in Vietnam.
Based on the MOU, a cooperative relationship with PVC including joint sales, operation support and material supply to expand the business in Vietnam will be undertaken. This business cooperation also enables PVC to tap into the technology and application knowledge of rubber lining.
The signing ceremony took place in the presence of Le Hong Hai, Vice President of PVC and Pham Hoang Sang, Director of Commercial division and Huynh Kim Dao, Deputy Director of Economic Technical division and Miharu Tsuchiya, Managing Director of SBNV and Tamotsu Somiya, Managing Director of Showa Rubber (Thailand) Co., Ltd. and Tadashi Watanabe, Senior Executive Director of Showa Holdings Co., Ltd and Chairman of Showa Rubber Co., Ltd. and Tatsuya Konoshita, Representative Officer and CEO of Showa Holdings Co., Ltd.