Rengo Co., Ltd. announces that Vina Kraft Paper Co., Ltd., its joint venture in Vietnam, has decided to construct a new production base for containerboard.
The total annual demand for containerboard in Vietnam is approximately 3 million tons (2019), and it is expected to grow at an annual rate of 6-7% due to continuing foreign direct investment, mainly in the export industry, and rising domestic consumption.
With the newly constructed mill, Vina Kraft Paper will firmly establish its position as a market leader in the Vietnam containerboard market, and aims for sustainable development and growth. Furthermore, it will also strengthen Vietnam’s domestic integrated production system of containerboard to corrugated box. As "General Packaging Industry (GPI) Rengo," overseas operations are considered as one of our core businesses and we see Southeast Asia an important strategic location. Rengo Group will reinforce global business expansion and will work to further enhance our presence in the rapidly developing market of Vietnam.
Overview of Vina Kraft Paper Co., Ltd.
D-6A-CN, My Phuoc Industrial Park No.3, Ben Cat Town,
|Shareholders||Siam Kraft Industry Co., Ltd. 70％
Rengo Co., Ltd. 30％
|Main business||Production and retail of containerboard
(liners and corrugating medium)
Overview of the new plant
Binh Xuyen Industrial Park, Vinh Phuc Province, Vietnam
|Investment||8.133 trillion VND (Approximately 37 billion JPY)|
|Produced items||Containerboard (liners and corrugating medium)|
|Production capacity||370,000 tons/annum
(Company’s total production capacity after completion: 870,000 tons)
|Operation timing||January to March 2024|