News Releases / 2010

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January 29, 2010

Rengo Announces Full-Scale Operation of
Joint Venture Paper Mill in Vietnam

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that Vina Kraft Paper Co., Ltd. (Head Office: Binh Duong Province, Vietnam; General Director: Chalokeporn Phalajivin), its joint venture containerboard mill in Vietnam, will now begin full-scale operation following completion of the mill’s construction.

Vietnam has experienced rapid growth in domestic demand for corrugated packaging for foodstuffs and other daily commodities, and is expected to see further strong annual growth of around 10% in the future.

Meanwhile, Rengo is progressing, through Thai Containers Group Co., Ltd., with the acquisition of New Asia Industries Co., Ltd., a corrugated board manufacturer located in Ho Chi Minh City. This will allow Rengo to offer an integrated production system in Vietnam, from paper manufacture through to corrugated board processing, in order to meet the vigorously growing local demand. The acquisition will also allow Rengo to make Vietnam a key location in its business strategy for Southeast Asia, further enhancing the company’s overseas business foundation.


 

Vina Kraft Paper Corporate

 

Vina Kraft Paper Corporate

  Vina Kraft Paper Corporate

Vina Kraft Paper Corporate Outline

Name Vina Kraft Paper Co., Ltd.
Head Office Location My Phuoc Industrial Park, Binh Duong Province, Vietnam
(40km northwest of Ho Chi Minh City)
General Director Chalokeporn Phalajivin
Capital US$115 million
Equity Participation Thai Kraft Paper Industry Co., Ltd. = 70%
Rengo Co., Ltd. = 30%
Business Scope Manufacture and sale of containerboard
No. of Employees 239 (as of Dec. 2009)
Site Area 380,000m2
Mill Area 35,000m2
Products Containerboard (linerboard, corrugating medium)
Paper Machine Manufacturer: Voith-IHI Paper Technology
Wire width: 5,250mm
Design speed: 800m/min
Annual Production Capacity 220,000 metric tons