Tetra Pak, the global leader in food processing and packaging solutions, announced plans to invest 24 million euros (US$25.4 million) to set up its first closures plant in South Asia, East Asia and Oceania. — Photo cafef.vn

Tetra Pak, the global leader in food processing and packaging solutions, announced plans to invest 24 million euros (US$25.4 million) to set up its first closures plant in South Asia, East Asia and Oceania.

The facility, to be located in Thailand, is set to capture the region’s rapidly growing demand for packaging with closures, which is forecast to grow by more than 30 per cent by 2018.

The facility will be located inside the company’s existing straws and strips plant in Rayong, and will become operational early next year.

With a capacity of more than three billion units per year, it will enable customers across the region to get locally produced closures for the first time.

Besides producing new generation closures, the factory will also produce bio-based closures to help drive the sustainability agenda.

It will also help reduce CO2 emissions through reduced transportation from the production site to the final customer.

The technology used in the plant will also minimise energy consumption during production.

The announcement comes two months after Tetra Pak announced a 100 million euro investment in a new regional packaging material manufacturing facility in Viet Nam to build the company’s manufacturing footprint in Asia alongside existing production facilities in Singapore, India and Japan. — VNS