Armastek Supplied Equipment to Thailand, June 2016
In June 2016, Armastek supplied equipment for the production of composite reinforcement to Thailand. Supplies were carried out within the framework of the memorandum, signed in 2015 between Russian “Armastek” and Thai “PJ.Composite” companies.
On April 8, 2015, Russian Prime Minister Dmitry Medvedev visited Thailand, where several agreements on cooperation were signed. At the same time, an agreement was reached between “Armastek” and Thai colleagues on the promotion of GFR reinforcement in the local market. For the production of this type of products, Armastek Company offered to supply its equipment.
Cooperation with the Thai company should not only bring revenue to Armastek and contribute to Russian-Thai relations, but also have a positive impact on Thailand’s booming economy. In this country, there is a variety of rapidly developing industries now: restaurant business, tourism, consulting, real estate services. The sphere of science and technology is no exception. A growing number of Russian companies invest in the Thai market hoping that the investment will pay off and bring a lot of profit.