MOU signing ceremony between EuP Group and Hitech Bioculture PTE LTD - Singapore

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MOU signing ceremony

This morning, EuP organized the MOU signing ceremony about the biostimulant, probiotic and nanotech factory cooperation project with Hitech BioCulture PTE LTD - Singapore.

Mr. Hoang Quoc Huy, Chairman of EuP Group, and Drs. Ir. William L Nolten, Regional Asian-Pacific Director of Hitech BioCulture signed the MOU to accelerate the collaboration as witnessed by EuP’s board of directors and staff.

Sign contract

HiTech BioCultutre is a distributor of biostimulants and food supplements for aquaculture, agriculture, and human use in South East Asia. Its office is located in Vinh city, Nghe An, Vietnam.

The products distributed by HiTech BioCulture are worldwide patent protected and produced in facilities meeting GMP+ standards. Their main product lines focus on:

Agriculture: Provide several innovative options to improve and overcome traditional cultivation methods. Using HiTech BioCultutre products, plants are able to cope with biotic stress factors (diseases, pests) and abiotic stress factors (heat, drought, frost, etc.) without contaminating the soil and environment.

Aquaculture: Their products help the algae/plant population increase, which results in a positive food chain. Also, the water quality and growth rate of plankton and water plants are significantly improved.

Human use: The main human-use product line of Hitech BioCulture is Rexana - a food supplement for humans. It contributes to facilitate the functions of bones, hair, skin, and nails. Therefore, the human body can be more resistant.

drs-william

“This is a good start for the two companies' strategic partnership in the future. Together we’ll provide a cost-effective and environmentally friendly solution for not only the Vietnamese market but also many parts of the world”. Said Drs.William.

Mr Hoang Quoc Huy

“After years of development, we found it essential to invest in products that meet the current demand of the world market. It must be something cost-effective and “going green”. I think now is the right moment and Hitech BioCulture is the right partner who helps us achieve sustainable goals. If team up, we can change something”. Said Mr. Hoang Quoc Huy.

Two parties are signing the contract

In the context of unstable politics and economic crises around the globe, Vietnam has a large number of competitive advantages compared with China and the EU due to the low production and labor costs. However, starting a business in Vietnam was never easy. Therefore, Hitech BioCulture choose EuP Group as a pivotal strategic partner that has a bunch of bio-product manufacturing plants dispersed in Vietnam. The collaboration of building new plants not only opens golden opportunities for the development of nanotech in Vietnam but also in other related fields. Utilizing nanotech in agriculture will partly contribute to food hygiene and safety which make it easier to export agricultural products to high-quality demand markets like the EU and US.

Mr. Hoang Quoc Huy and Drs. William shake hands

The meeting is a good foundation for the further discussion scheduled on 25th Nov. EuP believes that this potential project will greatly contribute to the sustainable development orientation of the two companies as well as the development of Vietnam's agriculture.

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