Tetra Pak, the food processing and packaging solutions company, yesterday broke ground for a new factory at the Viet Nam – Singapore Industrial Park in the southern province of Binh Duong. — VNS Photo
Tetra Pak, the food processing and packaging solutions company, yesterday broke ground for a new factory at the Viet Nam – Singapore Industrial Park in the southern province of Binh Duong.
To cost US$110 million, the 100,000sq-m plant is its fourth in the region.
It will have an expandable capacity of 20 billion packs per year and is expected to begin commercial operations by early 2019.
The plant will produce a variety of packaging formats including the popular tetra brik aseptic and tetra fino aseptic packages.
The products will be sold in Asia and Oceania, including Viet Nam.
The company said the factory would leverage its best innovations and experiences from all over world and use the latest technologies and equipment.
When up and running, it would employ over 200 workers, the company added.
“The plant is a strategic addition to our existing production footprint, enabling us to meet the rapidly growing demand for dairy and beverage packaging in Viet Nam as well as the Asia Pacific region,” Chris Kenneally, president, Tetra Pak South Asia, East Asia and Oceania, said.
The packed liquid dairy and fruit-based beverages markets across ASEAN, South Asia, Japan, Korea, Australia and New Zealand are expected to grow at 5.6 per cent annually up to 2019.
In Viet Nam, the market is expected to grow faster -- at 6.5 per cent -- in the same period. — VNS