Tetra Pak to open US$110 million factory in Vietnam
Tetra Pak has announced it will invest US$110 million in a state-of-the-art regional manufacturing facility near Ho Chi Minh City, Vietnam, to serve customers across the region.
The move is prompted by increasing consumption volumes, the company said, with the 2016 total packed liquid dairy and fruit-based beverages intake at 70 billion L across ASEAN, South Asia, Japan, Korea, Australia and New Zealand. The company expects growth of 5.6% per annum over the next three years, with products packed in Tetra Pak cartons projected to grow at a faster rate than glass bottles and cans.
The greenfield factory, expected to begin operations in 2019, will have an expandable production capacity of approximately 20 billion packs per annum, across a variety of packaging formats, and will primarily serve customers based in ASEAN, Australia and New Zealand. With a strong focus on sustainability, the site will adopt measures to minimise its environmental footprint, including the utilisation of a high proportion of renewable energy sources.
“We are committed to investing in Australia and New Zealand’s food export business to help our customers tap into the huge opportunities opening up both at home and in the wider region,” said Craig Salkeld, managing director for Oceania, Tetra Pak.
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