Baku, Azerbaijan, Feb. 4
A meeting was organized between the Malaysian company KCC Paints and the Uzbek company Zhaloliddin Sharif with assistance of the Uzbek Embassy in Malaysia, Trend reports via Uzbek media.
The possibility of creating an Uzbek-Malaysian joint venture to produce high-quality paints and varnishes in the territory of the Hazorasp FEZ was discussed during the meeting.
Representatives of Zhaloliddin Sharif got acquainted with the energy-efficient and high-tech production facilities of KCC Paints.
During the negotiations, an agreement was reached to organize the KCC Paints management's visit to Uzbekistan to study the possibility of producing the export-oriented paints and varnishes.
KCC Paints is a division of South Korean corporation, Korea Chemical, founded in 1958, which manufactures modern building materials.
KCC Paints, founded in 1997 in the state of Selangor, Malaysia, produces about 30 types of paints.