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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

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TETRA PAK INAUGURATES 120M EURO CARTON PACKAGING SITE IN VIETNAM

2019-09-04 09:31:09

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TETRA PAK INAUGURATES 120M EURO CARTON PACKAGING SITE IN VIETNAM

 

Tetra Pak has opened an aseptic carton packaging factory in Vietnam following an investment of €120 million. Located in Binh Duong province, north of Ho Chi Minh City, the site marks Tetra Pak’s eighth factory in the Asia Pacific region and will serve both the domestic and export markets.

 

The factory has an expandable capacity of 20 billion packs per annum and currently produces the Tetra Brik Aseptic and Tetra Fino Aseptic packages. There is the possibility of producing more packaging formats from the facility in the future.

 

“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,” said Adolfo Orive, president and CEO of Tetra Pak.

 

The site marks Tetra Pak’s eighth factory in the Asia Pacific region.

 

“This factory is not just a monetary investment for us. It reflects our pledge to be closer to our customers, to serve them faster and better, with greater flexibility and efficiency, and shorter lead times.”

 

According to Tetra Pak, the liquid food market in Vietnam has been growing at a 6% CAGR for the last three years and is projected to grow at a similar pace during the next three years. Jeffrey Fielkow, managing director for Tetra Pak Vietnam, said: “This is a proud moment for us, which coincides with yet another historical milestone, as we celebrate the completion of 25 years of Tetra Pak’s presence in Vietnam.

 

“With the new factory, we feel even more strongly connected to Vietnam and our customers, and even more confident of shaping the future of the industry, together.”