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April 1, 2018

IFTZ Trade Philippines, Inc

Omni-Plus System Pte Ltd (OPS) entered into a Share Purchase Agreement (SPA) with Itochu Corporation, Manila branch, Omni-Plus System Pte Ltd take-over Itochu Corporation Manila in IFTZ Trade Philippines, Inc. with effect from 1 April 2018.

April 7,2017

Omni Plus System Philippines, Inc

Omni-Plus System Pte Ltd (OPS) incorporated a wholly-owned company Omni Plus System Philippines, Inc. on 7 April 2017. It will also bring us nearer to our customers who have also set-up companies in the Philippines.

October 1, 2017

Acquisition of DP Chemical
(SGP &VND)

Omni-Plus System Pte Ltd (OPS) announced that it has purchased the 100 percent ownership interest in DP Chemicals Pte Ltd and its subsidiary DP Chemicals Vietnam Co.Ltd (base in HCMC) effective October 1, 2017.

Included in OPS’s acquisition of the 100 percent ownership (both the Singapore and Vietnam entities) are all machinery and equipment, inventory, property leases, working capital, customer list, and relationships as well as distribution and territorial rights in Asia. Additionally, all employees of DP Chemicals will become OPS employees.

This transaction is an important follow-up to OPS expansion plan, and we will fully integrate the DP Chemicals business so as to enhance OPS’s ability to deliver value and experience to our current and future customers. 

June 1, 2017

Omni-Plus System enter Strategic Partnership with Itochu 

The Management would like to announce the business partnership between Omni-Plus System Pte Ltd (OPS), Itochu Plastics Pte Ltd(CIPLAS) and Itochu Plastics Inc., Japan (CIPS). Both Itochu companies together will take up a 10% stake in OPS, effective Thursday, 1st June 2017. Mr. Felix Wang, Chief Financial Officer of Itochu Plastics Pte Ltd, will be appointed as a Director in OPS.

April 6, 2017

PPG Acquires OPS –IVC
joint venture company in Malaysia 

PITTSBURGH, April 6, 2017 – PPG (NYSE:PPG) today announced that it has purchased the remaining 50 percent ownership interest in its Asian joint venture comprising IVC (Malaysia) Sdn Bhd and IVC-OPS (Singapore) Pte. Ltd. from its joint-venture partner, Omni-Plus System Pte. Ltd. Financial terms were not disclosed.
The IVC joint venture was formed in 2008 and principally supplies industrial coatings to the appliance and electronics-materials segments. In 2016, it had sales in excess of $5 million as an equity affiliate of PPG.
Included in PPG’s acquisition of the remaining 50 percent ownership interest in the IVC joint venture (including both the Malaysia and Singapore entities) are all machinery and equipment, property leases, working capital, customer list and relationships, and distribution and territorial rights in Asia. Additionally, all joint-venture employees, of whom there are fewer than 10, will become PPG employees.
“This transaction is an important follow-up to PPG’s 2015 acquisition of IVC Industrial Coatings, Inc., which is now fully integrated into our industrial coatings business,” said Shelley Bausch, PPG vice president, global industrial coatings. “The IVC products, operations, and employees we added through that transaction have helped strengthen our business.
“We look forward to fully integrating the Asian IVC joint venture as well, so we can further enhance PPG’s ability to deliver value to our industrial coatings customers.” 

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Joint Venture for automative resins

The Board of Directors of EnGro Corporation Limited (“Company”), and together with its subsidiaries (“Group”), is pleased to announce that the Company’s 98.57% subsidiary, R&P (Pte.) Ltd. (“R&P”) has entered into a joint venture agreement (“JV Agreement”) with Omni-Plus System Pte Ltd to form a joint venture company (“JVCO”) with the intent to manufacture and distribute thermoplastic compounds to serve the automotive industry in the Asia market (ex-China).
R&P will subscribe to 60% of the registered capital of the JVCO in the form of production equipment and technical knowhow valued at USD1.125 million. It is envisaged that the incorporation of the JVCO will be completed within six months or earlier from the date of JV Agreement, or such other date as mutually agreed by the parties. ...