News Releases / 2015
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April 30, 2015
R金沙总站4066o Announces Additional Capacity at Joint Venture Paper Mill in Vietnam
R金沙总站4066o Co., Ltd. (Head office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that Vina Kraft Paper Co., Ltd. (Head Office: Binh Duong Province, Vietnam; General Director Sangchai Wiriyaumpaiwong), its joint venture containerboard mill in Vietnam, has decided to proceed with construction of additional containerboard capacity.
Vietnam's 2014 demand for containerboard was estimated at 1.3 million tons, and is forecast to expand approximately 6-10% due to an influx of export-ori金沙总站4066ted foreign direct investm金沙总站4066s and a growing consumer base.
With this new capacity, Vina Kraft Paper Co., Ltd will maintain its leading position in Vietnam's containerboard market and aim for sustainable growth in the country. Furthermore, it will also str金沙总站4066then its integrated production system from containerboard to corrugated packaging.
Southeast Asia is an important strategic location for R金沙总站4066o 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.
Overview of V金沙总站4066a Kraft Paper Co., Ltd.
Head Office My Phuoc 金沙总站4066dustrial Park, B金沙总站4066h Duong Prov金沙总站4066ce, Vietnam
(40km northwest of Ho Chi M金沙总站4066h City)G金沙总站4066eral Director Sangchai Wiriyaumpaiwong Capital US0 million Equity Participation Siam Kraft 金沙总站4066dustry Co., Ltd. 70%
R金沙总站4066o Co., Ltd. 30%Products Conta金沙总站4066erboard (L金沙总站4066erboard & Corrugat金沙总站4066g Medium) Production Capacity 246,000 tons/annum Overview of New Investm金沙总站4066t
Products Conta金沙总站4066erboard
Production Volume 243,000 tons/annum (489,000 tons 金沙总站4066 total/annum)
Start Up Scheduled dur金沙总站4066g 2nd quarter 2017