HCM CITY — Tetra Pak has announced an additional 97 million euros (US$104.2 million) investment to expand further its packaging material production facility in the southern province of Bình Dương.
This takes the total capacity investment to over €217 million. The investment forms part of the company’s long-standing plans to expand its production at the site in Việt Nam to accommodate increasing demand from the region.
Tetra Pak’s expansion plans for the Bình Dương facility will include an additional production line which will be fully operational by Q3 2025. With this expansion, the facility will have the capability to produce new and innovative packaging formats. To manage this additional capacity, the Bình Dương facility will also be enhancing its workforce, creating additional opportunities for both the current staff and those in the surrounding communities.
Eliseo Barcas, Managing Director and President at Tetra Pak Vietnam said: “We are pleased to announce the next strategic growth plan at our Bình Dương site in Việt Nam. This expansion is a testament to Tetra Pak’s long-standing commitment to Việt Nam since we started our operations here 30 years ago.
"We are confident these changes will not only allow us to serve our valued customers better but also contribute to the economic development of the nation and the region.”
Since opening, the Bình Dương manufacturing facility has rapidly become one of the most advanced factories in the region, playing a critical role in Việt Nam and the global supply chain for Tetra Pak.
The expansion forms part of the company’s plans to position the market as a strategic growth engine for the region. The changes will be implemented under Tetra Pak's dedication to environmental responsibility and corporate stewardship, ensuring sustainability standards are upheld throughout the process.
The company has maintained close communication with relevant government bodies and local groups to ensure the expansion adheres to Việt Nam's regulatory framework. — VNS
Source: Viet nam News Published by 08 May 2024. Retrieved by 10 May 2024
