Cuba and China launch a joint venture called DuoNex S.A.
Photo: Embajada de Cuba en la República Popular China en X.
According to an article from the outlet On Cuba News, Cuba and China launched a joint venture called DuoNex S.A., which will focus on the production of textiles, footwear, plastics, and leather goods.
The joint venture DuoNex S.A. was formalized at the headquarters of Tecnosime and was established by the Chinese company Hangzhou Iunke Industrial Development Co. LTD and the Cuban company Industrias Nexus S.A.
DuoNex S.A. is expected to focus on the production and commercialization of light industry products for the Cuban market, both for domestic sales and for exports to the international market.
According to the statement announcing the creation of DuoNex S.A., the increase in bilateral trade between Cuba and China was one of the driving forces behind this joint project, which aims to diversify the industrial supply in the Caribbean country and boost exports to the Asian market.
On another note, it is worth mentioning that, as a result of a strategic alliance between the Brazilian company Bioamazonas Industria e Comercio de Medicamentos Fitoterápicos and the Cuban commercial entity Mercalhabana, another joint venture was also created under the name Bioamazonas Alimentos y Otros Bienes de Consumo S.A.
The document that formalized the new joint venture Bioamazonas Alimentos y Otros Bienes de Consumo S.A. was signed by the president of Mercalhabana, Víctor Marino Sánchez López, and by the executive representative of Bioamazonas S.A., Luiz Amadeu Teixeira.
This new company will focus on the commercialization of both food and non-food products, the provision of logistics services for the transportation of goods, and the sale of raw materials.
Last but not least, Bioamazonas Alimentos y Otros Bienes de Consumo S.A. is expected to have the capacity to meet the demands of the domestic Cuban market as well as those of the international market.
* Original text in Spanish. Translated by Large Language Model (LLM) technology.
Main Source:
Cuba y China crean empresa mixta para producir calzado y textiles – On Cuba News
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