Unicharm to buy Diana Vietnam

The Japanese Unicharm Group will buy all shares worth about US$128 million of Diana Vietnam Company this year to expand its market in Asia, Nikkei announced on August 25.

Diana Joint Stock Company located in Vinh Tuy Hanoi specializes in medical and sanitation products.

Unicharm has many factories and sales networks operating in the Asian market, but it is facing fierce competition from local businesses and others from the US and Europe.

Unicharm has just decided on its first business deal with Diana Vietnam Company whose annual turnover is around US$64 million, accounting for 30-40 percent of total napkin and toilet paper production in Vietnam. – VOV

Tags: Diana Vietnam, Unicharm

Posted by VBN on Aug 25 2011. Filed under Industry. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry