The site becomes the one of the world’s leading food processing and packaging solutions company’s eighth factory in the Asia Pacific region, and will produce aseptic cartons for domestic and export markets in ASEAN, Australia and New Zealand.
The inauguration ceremony was attended by the Chairman of the Binh Duong province, Ambassador of Sweden to Vietnam Mr. Pereric Högberg as well as senior leaders from renowned food & beverage companies in Vietnam.
“This greenfield investment is a strong testimony of our long-term commitment to Vietnam, contributing to the nation’s economic development, generating employment opportunities and boosting the local industry,” said Adolfo Orive, president and chief executive of Tetra Pak. “This factory is not just a monetary investment for us. It reflects our pledge to be closer to our customers, to serve them faster and better, with greater flexibility and efficiency, and shorter lead times.”
The liquid food market in Vietnam has been growing at 6% CAGR for the last three years, and is projected to grow at a similar pace during the next three years, as compared to 4% growth per annum in the Asia Pacific region and 3% globally.
Built for the future, the Binh Duong factory has an expandable capacity of 20 billion packs per annum, currently producing the popular Tetra Brik Aseptic and Tetra Fino Aseptic packages, with the possibility of producing more packaging formats in future.
Jeffrey Fielkow, managing director for Tetra Pak Vietnam said: “This ias a proud moment for us, which coincides with yet another historical milestone, as we celebrate the completion of 25 years of Tetra Pak’s presence in Vietnam. With the new factory, we feel even more strongly connected to Vietnam and our customers, and even more confident of shaping the future of the industry, together.”