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March 9, 2015

Rengo Subsidiary Settsu Carton Completes New Plant in Vietnam

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that its wholly-owned subsidiary Settsu Carton Corporation (Head Office: Itami City, Hyogo Prefecture, President: Toshio Niwa) established Settsu Carton Vietnam Corporation in Dong Nai Province, Vietnam in November 2013 and began constructing a new plant, and a ceremony was held on March 6 of this year to mark the completion of construction of that plant.

With the completion of the new plant, Settsu Carton Vietnam will supply high-quality packaging materials to customers with a focus on Japanese companies located in the outskirts of Ho Chi Minh City. Settsu Carton Vietnam will play an important role in the Rengo Group’s business in Vietnam, which is expected to undergo rapid economic growth.

The Rengo Group, which defines itself as a General Packaging Industry, positions Southeast Asia as a key strategic region and a major pillar of its overseas business as the Group seeks to further expand operations globally. Rengo will continue to enhance its supply systems for corrugated packaging and other packaging materials.

 

External view of the new plant●External view of the new plant

 

Overview of Settsu Carton Vietnam Corporation

Location Long Duc Industrial Park, Long Duc Ward,
Long Thanh District, Dong Nai Province, Vietnam
Chairman Toshio Niwa (President, Settsu Carton Corporation)
President Masayoshi Nishikawa (Senior Managing Director, Settsu Carton Corporation)
Capital $US10 million
Shareholders

Settsu Carton Corporation: 80%
Nissho Iwai Paper & Pulp Corporation: 20%

Main Business

Manufacturing and sales of corrugated boxes
Number of employees 39


Overview of new plant

Products Corrugated boxes
Production volume 800,000 m2/month
Site area Approx. 20,000 m2
Building area Approx. 8,000 m2