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PET producers sign MoU with US firm

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KATHMANDU, April 7: PET products and Closure Manufacturer Association (PPCMA), a Nepalese enterprise and Society of Plastic Industry Trade Association from America (USA SPI) signed a memorandum of understanding (MoU) to assist each other for exchange of information on commerce and industry and legitimate business interests.



According to a press release issued by PPCMA on Saturday, the signed MoU will pave the way for bothparties to strive to strengthen cooperation in such areas as industry, energy saving and clean energy. [break]



“This MoU will help us to work together for the line of corporation,” reads the release. Exchanging data, reports and publications of interest to one another’s membership would be another achievement for both of the organizations, the release said.



“Bharat Raj Acharya, president of PPCMA and Michael D Taylor, senior director of (USA SPI) signed the MoU on 3rd April in Florida, USA,” states the statement.



“It will be milestone to the Nepalese industries to enter the global market as well as to develop the technological advancement and transfer, and possibility to receive the US investment opportunity to the Nepal,” reads release. Nepal will also get chance of showcasing its pavilion on NPE: International Plastic exhibition - 2015 in USA.



According to release, Taylor said It was also great opportunity for SPI presence in Nepal and know how the emerging market of Asia.



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