A memorandum of understanding (MOU) on the establishment of the JV has been signed by Geicon Director General, Cesar Revuelta Mayolina and Viglacera counterpart, Nguyen Anh Tuan in Cuba.
Earlier in 2014, Viglacera sent two experts delegations to Cuba to assist its construction materials production plants. Meanwhile, Cuban officials from Cuban Ministry of Foreign trade and Investment and Ministry of Construction visited and worked with Viglacera leaders.
In October 2014, the two sides signed the MOU on the establishment of the JV. In April 2015, they signed another MOU on the list of procedures to apply for a license to set up the joint venture.