OTHERS IRE-TEX CORPORATION BERHAD ("Ire-Tex" or "the Company") - COOPERATION AGREEMENT BETWEEN IRE-TEX AND BEIJING INSTITUTE OF GRAPHIC COMMUNICATION

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
IRE-TEX CORPORATION BERHAD ("Ire-Tex" or "the Company")    
- COOPERATION AGREEMENT BETWEEN IRE-TEX AND BEIJING INSTITUTE OF GRAPHIC COMMUNICATION

The Board of Directors of Ire-Tex is pleased to announce that Ire-Tex had on 7 July 2016 entered into a Cooperation Agreement (“CA”) with Beijing Institute of Graphic Communication (“BIGC”), where both parties formed the following understandings and agreements:-

 

i.The establishment of a Joint Research Center (“JRC”) in BIGC campus;

ii.The JRC will establish a database to promote products quality evaluation system on the paper packaging industry in China for Ire-Tex;

iii.The JRC will carry out research and development, application of new products and technology in paper packaging industry for Ire-Tex; and

iv.The JRC will assist Ire-Tex to achieve the accreditation of China National Accreditation Services for Conformity Assessment (“CNAS”).

 

BIGC is a comprehensive university under the joint jurisdiction of the State General Administration of Press and Publishing of China and the Beijing Municipal Government, China. It was previously the Department of Printing in the Cultural Institute under the supervision of the Ministry of Culture, China. BIGC is the largest printing and packaging professional research institute in Asia as well as a leading scientific research institution having wide impact in Asia and around the world.

 

The CA will help Ire-Tex to develop new packaging products with high market demand and potential, i.e. the dangerous goods packaging, liquid bulk packaging and etc. Additionally, the CA will also enable Ire-Tex to penetrate new customers especially on the increasing of Chinese manufacturers in Malaysia via the JRC and the accreditation of CNAS.

 

None of the Directors and/or major shareholders of Ire-Tex or any persons connected to them have any interest, direct or indirect, in the CA.

 

This announcement is dated 8 July 2016.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 08 Jul 2016
Category General Announcement for PLC
Reference Number GA1-08072016-00026