HANOI, Vietnam—Japanese materials supplier JSR Corp. has invested $862,000 to establish trading operations in Vietnam, citing the exponential economic growth in the region as a primary reason for doing so.
"In Vietnam, where economic growth is remarkable, petrochemical-related industry is also expected to develop in the near future according to the business expansion of automobile-related companies," JSR said in a statement.
JSR Trading Vietnam Co. Ltd., which primarily will serve the automotive industry, is headquartered in Hanoi. Operations began July 25 and will include the export, import and sales of synthetic rubber, steel box and materials in the country.
JSR Trading also has been focusing on building up a metal container business in Vietnam, both in sales and procurement activities.