The production capacity of the upcoming plant, with an overall investment of about USD 324.18 million, will be 370,000 TPA of liners and corrugating medium. The commissioning of the facility is scheduled for the first quarter of 2024.
November 09, 2021
Rengo Co., Ltd. has announced that Vina Kraft Paper Co., Ltd., its joint venture in Vietnam will construct a new containerboard mill. With the proposed production plant, Vina Kraft Paper will cement its position as a market leader in the Vietnam containerboard market in addition to boosting Vietnam’s domestic integrated production system of containerboards to corrugated boxes.
Moving ahead, Rengo Group is intending to undertake a major global business expansion drive and will further enhance its presence in Vietnam. While the demand for containerboards in Vietnam is expected to increase with expanding domestic consumption, the demand from abroad, especially China, is also going to drive the further growth prospects of containerboards in the Southeast Asian country.
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Also, in recent years, it is noteworthy that substantial investments are being made in Asia to develop new production facilities for the production of paper. In fact, Chinese buyers have substantially increased imports of packaging paper from Asia. This is one of the reasons why Vina Kraft Paper, a joint venture founded by Thailand’s SCG Paper and Japanese packaging group Rengo, decided to invest in another containerboard mill in Vietnam.
The upcoming mill is projected to be located near Hanoi in the north of Vietnam. The production capacity of the plant will be 370,000 TPA of liners and corrugating medium. The commissioning is scheduled to take place in the first quarter of 2024 with an overall investment of about USD 324.18 million (EURO 280 million).