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The agreement provides mutual advantages, since Sigmaplast (a corporation) will access a broader market, to which it will provide raw materials and other perishables, while Cubalum will obtain state-of-art technology and reduce costs through the substitution of imports.
One purpose of Cuba is to supply the domestic market of quality packaging and the needs of internal trade of bulk commodities, stressed diplomatic sources cited on the website of the Cuban Foreign Ministry.
Sigmaplast and Cubalum will immediately start the technological and commercial collaboration with technical information exchange and the provision of necessary inputs to ensure production, thus creating the foundations to form the joint venture.
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