Unicharm to buy Diana Vietnam
The Japanese Unicharm Group will buy all shares worth about $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 specialises 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 $64 million, accounting for 30-40 per cent of total napkin and toilet paper production in Vietnam.
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