TETRA PAK
EUR 120m factory starts up in Vietnam
 Tetra Pak's facility in Vietnam will manufacture cartons for the domestic, ASEAN, Australia and New Zealand markets (Photo: Tetra Pak) |
Packaging producer Tetra Pak (Lausanne / Switzerland; www.tetrapak.com) has inaugurated a EUR 120m carton packaging manufacturing facility in Binh Duong / Vietnam. It is the packaging giant’s eighth factory in the Asia-Pacific region and will produce aseptic cartons for the domestic market as well as the ASEAN countries, Australia and New Zealand.
According to Tetra Pak, the liquid food market in Vietnam has been growing at a CAGR of 6% over the last three years and is expected to grow at a similar rate in the next three years. The factory in Binh Duong has an expandable capacity of 20 bn packs per year and currently manufactures “Tetra Brik Aseptic” and “Tetra Fino Aseptic” packaging. The Swiss company says there is a possibility of producing additional packaging formats at a later date. “This greenfield investment is a strong testimony of our long-term commitment to Vietnam, contributing to the nation’s economic development, generating employment opportunities and boosting the local industry,” says Tetra Pak president and CEO Adolfo Orive.
According to Tetra Pak, the liquid food market in Vietnam has been growing at a CAGR of 6% over the last three years and is expected to grow at a similar rate in the next three years. The factory in Binh Duong has an expandable capacity of 20 bn packs per year and currently manufactures “Tetra Brik Aseptic” and “Tetra Fino Aseptic” packaging. The Swiss company says there is a possibility of producing additional packaging formats at a later date. “This greenfield investment is a strong testimony of our long-term commitment to Vietnam, contributing to the nation’s economic development, generating employment opportunities and boosting the local industry,” says Tetra Pak president and CEO Adolfo Orive.
18.07.2019 Plasteurope.com [242961-0]
Published on 18.07.2019