Rengo starts a new capacity at joint paper mill in Vietnam
Rengo Co., Ltd. starts with successful the second paper production line 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% according to the October 2016 IMF World Economic Review. Demand for containerboard is expanding at the same pace. With this new capacity as well as optimization of the first paper production line, Vina Kraft Paper adds 243,500 tons per annum to its portfolio, bringing the total capacity to 489,000 tons.
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.
Southeast Asia is an important strategic location for Rengo Group, a “General Packaging Industry” (GPI). As overseas operations are considered as one of core businesses, the Group will work to further enhance presence in the rapidly developing market of Vietnam.