TTC Group inks co-operation deals
TTC Group inks co-operation deals
Thanh Thanh Cong (TTC) Group yesterday signed strategic agreements with Pepsico Viet Nam, Singapore-based ED&F Man Asia Pte Ltd, and Pegas Touristik Group for co-operation in the sugar, tourism, and hotel industries and promote export of ethanol products.
It will provide services in the tourism and hotel sector to Russia-based Pegas Touristik, which plans to send around 250,000 Russian tourists to Viet Nam this year.
By tying up with ED&F Man Asia Pte Ltd, TTC hopes to boost exports of ethanol products, including fuel and industrial and food grade ethanol.
TTC Investment Joint Stock Company, an arm of TTC Group, will supply sugar to Pepsico and the two will also join hands to develop new sugar products and promote consumption of each other's products.
TTC is active in many sectors, including real estate, energy, import-export of farm produce, and financial investment, and has 20 subsidiaries and affiliates.
Speaking at a ceremony to mark the 35th anniversary of TTC Company and the third anniversary of TTC Group yesterday, Dang Van Thanh, the latter's chairman, said the group earned a revenue of more than VND6.5 trillion (US$305.7 million) in the first half of the year, a year-on-year increase of 14 per cent.
The sugar and sugarcane sector contributed 83 per cent of its revenues, he added.
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