HÀ NỘI — Stavian Group and Thantawan Industry (Thailand) on Thursday signed a Memorandum of Understand (MoU) on a high-technology metal packaging project to unlock the potential of Việt Nam’s advanced packaging sector and further expand into regional markes.

Under the MoU, Stavian Group will invest in, build and operate the first high-tech coloured metal packaging plant in Việt Nam.

This project represents a key step in strengthening Stavian’s core industrial production operations, expanding the production sector serving the premium, high-value packaging market segment.

In addition, Stavian Group has committed to prioritising a stable annual supply of up to 22,000 tonnes of metal packaging film to Thantawan Industry across two phases: 7,500 tonnes in Phase 1 and 22,000 tonnes in Phase 2.

The signing ceremony marked an important milestone in Stavian Group’s industrial development journey while reaffirming the partnership between the two corporations in securing 100 per cent off-take for the plant's entire production capacity - paving the way for a modern, sustainable and regionally competitive packaging value chain.

As one of Thailand’s leading corporations in the research, development and production of high-quality packaging, Thantawan will lead market development, build a robust customer network, and secure the full off-take of the plant’s output throughout both phases.

Thantawan will also prioritise Stavian Group as its strategic supplier of metal packaging film for production needs.

In the future, the two corporations will continue to work closely to implement the project, with the shared goal of positioning Việt Nam as a regional hub for advanced metal packaging production. — BIZHUB