Japanese firm becomes Eurowindow's major shareholder

Friday, Feb 26, 2016 18:06

Japan's Bukan Shutter and Viet Nam's Eurowindow signed a strategic partnership agreement on February 24. - Photo tienphong.vn

HA NOI (Biz Hub) — Japanese sliding door manufacturer Bunka Shutter has bought 30 per cent of the European Plastics Window Company Ltd. (Eurowindow) shares from Private Equity New Markets fund.

After the transaction, Bunka Shutter will become the major shareholder of Eurowindow.

Both sides signed a strategic partnership agreement on February 24.

According to the agreement, Bunka Shutter will introduce Eurowindow's products in Bunka Shutter systems to the international market.

Bunka Shutter will also support Eurowindow in production management and corporate governance to increase Eurowindow's business operations efficiency.

In return, Eurowindow will introduce Bunka Shutter construction products in Eurowindow showrooms nationwide.

Speaking at the signing ceremony, Junichiro Kanda, a representative of Bunka Shutter said the coordination between Bunka Shutter and Eurowindow is an opportunity for both sides to develop the production and trading of door products and construction materials.

Bunka Shutter was established in 1951 and operates in shutters and sliding doors production and construction related materials. In 2014, the company's revenue reached US$1.2 million.

Eurowindow was established in 2002. The company's range of products consists of windows, automatic doors, as well as rolling doors and artistic steel products. The company's target is to be the leading and largest provider of door products in Viet Nam. —VNS

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