Article: Thong Fook signs second Euro J-V.(Brief Article)

MALAYSIA'S THONG Fook Plastics Industries has formed another joint venture with a leading European plastics processor. Nordenia International, the German manufacturer of technical films and film components, has acquired a 50% stake in Thong Fook. This Ipoh-based firm produces consumer and industrial packaging for the south-east Asian market.

The deal means that Thong Fook Chairman Mr SY Liew has secured major European partners for his company's packaging film and injection moulding businesses. In late 1998 Norway's Iplast (itself since taken over by Swiss company Mikron) took a 50% in Thong Fook Plastics Precision Industries (see PRA, Jan/Feb 1999, page 10).

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