First Ural business opens in Malaysia

First Ural business opens in MalaysiaThe General Director of Malaysian company Fushi Huang Hsin-tan visited Ekaterinburg during his business trip in November, 2012. He signed a letter of intent with Ural company Svoy Dom on the production of innovative building materials in Malaysia.

The visit of the foreign businessman was made possible after the successful business mission of Ural businessmen in Malaysia in February, 2012, when the International Center for Small and Medium Enterprises operating within Sverdlovsk Regional Fund for Entrepreneurship organized the participation of our innovative companies in the largest exhibition of innovations and inventions Malaysia Technology Expo. Three companies returned with signed contracts.

The November letter of intent provides for the establishment of a joint venture in Malaysia, as well as the export of innovative equipment for the production of aerated concrete. Fushi company provides a production space and ten jobs. Svoy Dom company, in its turn, invests its intellectual capital.

This will be the first Ural business in Malaysia. The innovative cement will be used in Malaysia to protect from the hot weather. According to Victor Hominsky, the General Director of Moy Dom, the expansion of business will increase the production by five times.