Global liquid packaging giant Tetra Pak has announced the expansion of its regional manufacturing footprint in Asia Pacific, with plans to build a packaging manufacturing facility in Vietnam. The plant is expected to come on stream in 2019, with capability to produce 20 billion packs per annum.
Packaging formats will include the popular Tetra Brik Aseptic and Tetra Fino Aseptic.
The move was driven by significant growth in demand for liquid carton packaging in Asia Pacific. In 2016 the total packed liquid dairy and fruit-based beverages intake is reported to be at 70 billion litres across ASEAN, South Asia, Japan, Korea, Australia and New Zealand.
According to Tetra Pak, over the next three years, these markets are likely to grow at a healthy 5.6% per annum, with products packed in Tetra Pak cartons projected to grow at a much faster rate as compared to other packaging formats such as glass bottles and cans.
In response, Tetra Pak has committed to this greenfield regional manufacturing facility near Ho Chi Minh City, Vietnam, to serve customers across the region, including the Australian and New Zealand market.
This will be the company's fourth packaging material plant in the region
Craig Salkeld, MD for Oceania, Tetra Pak, said: “We are committed to investing in Australia and New Zealand’s food export business to help our customers tap into the huge opportunities opening up both at home and in the wider region.
“Our investment in this manufacturing facility means we will be able service our ASEAN markets more efficiently, offering greater innovation, enhanced quality, efficiency and flexibility for producers,” he said.
This investment will complement Tetra Pak’s three long-standing production facilities in Singapore, India and Japan.
Tetra Pak says that together the factories will enable the company to offer more innovations, efficiency and customer service to meet the rapid growth in Asia.
