Rengo Co Ltd has confirmed the successful start-up of the second paper machine at Vina Kraft Paper Co Ltd, its joint venture containerboard mill in Vietnam.
“Vietnam is a growing country in the ASEAN region, with 2016 GDP growth estimated at 6.1 per cent according to the October 2016 IMF World Economic Review,” says President and CEO, Kiyoshi Otsubo. “Demand for containerboard is expanding at the same pace. With this new capacity as well as optimisation of the first paper production line, Vina Kraft Paper has added 243,500 tons per annum to its portfolio, bringing the total capacity to 489,000 tons.”
Mr Otsubo continues, “In addition, with its strong commitment to sustainability, Vina Kraft Paper puts environmental awareness at the forefront. The new facility features an environmentally friendly self-sufficient co-generation power plant, a raw material preparation line, and a high-standard effluent treatment plant. Vina Kraft Paper will maintain its leading position in Vietnam’s containerboard market and aim for sustainable growth in the country with high quality products.”
Mr Otsubo conlcudes, “Southeast Asia is an important strategic location for Rengo Group, a ‘General Packaging Industry’ (GPI). As overseas operations are considered as one of our core businesses, we will work to further enhance our presence in the rapidly developing market of Vietnam.”