Malaysian tissue paper producer negotiates $5.2m orders in Viet Nam

Tuesday, Aug 04, 2015 14:59

NTPM Holdings Bhd has six plants in Malaysia, producing 220 tonnes of tissue products per day. — Photo

HA NOI (Biz Hub) — Tissue paper manufacturer NTPM Holdings Bhd of Malaysia is negotiating for a couple of orders worth about US$5.2 million per year for its new operations in HCM City, StarBiz online newspaper of Malaysia reported.

Group managing director Lee See Jin told the newspaper that the orders were among the several business deals that the group was trying to seal for the new manufacturing entity in Viet Nam.

He said around 450 tonnes of tissue paper products would be consumed in the Vietnamese market each month.

The new plant in Viet Nam has the capacity to produce up to 1,000 tonnes of tissue products per month.

"Our actual production per month is 800 tonnes, running on one production line. There are plans to add another four production lines at the Vietnamese plant in the future.

"There are also plans to introduce personal care products such as sanitary napkins, diapers, wet wipes and facial cottons for the Vietnamese market," he said.

Lee said the group had invested $10.2-13 million in the Vietnamese operations, which would help it to grow about 3% a year in terms of revenue and bottom line.

NTPM currently has six plants in Malaysia – located in Penang, Parit Buntar in Perak, Bentong in Pahang, and Sabah – producing 220 tonnes of tissue products daily, of which about 30% are exported.— VNS

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