OREANDA-NEWS. Mitsui & Co. (Guangdong) Ltd. signed a Memorandum of Understanding (MOU) with Guangdong Liansu Technology Industrial Co., Ltd. (Liansu). At the signing, Executive Chief Representative Meguru Nishimura of Mitsui & Co. (Guangdong) met with Chairman Huang of Liansu where they affirmed the strengthening of collaboration between the two companies.

Liansu is a core company of the Hong Kong Stock Exchange-listed China Liansu Group Holdings Limited, and is the world's second largest producer of plastic pipe and the number one producer in China. It is a major company that purchases over one million tons of plastic annually, has a distribution network of over ten thousand stores in China and has high growth potential.

This MOU resulted from Mitsui & Co. (Guangdong)'s selling plastic to Liansu while strengthening relations with them through conducting an overseas expansion feasibility study and introducing Japanese companies' technology. The MOU calls for increased collaboration through (1) collaboration in product development, personnel exchanges, collaboration in Chinese domestic and overseas markets, and the consideration of joint businesses. As Mitsui & Co. (Guangdong) has also already reached a basic agreement with Liansu to quickly create an OEM supplier of silicon sealant for both companies, it is aiming to realize both this plan and the objectives of the MOU in concert.