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April 30, 2015

Rengo Announces Additional Capacity at Joint Venture Paper Mill in Vietnam

Rengo Co., Ltd. (Head office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that Vina Kraft Paper Co., Ltd. (Head Office: Binh Duong Province, Vietnam; General Director Sangchai Wiriyaumpaiwong), its joint venture containerboard mill in Vietnam, has decided to proceed with construction of additional containerboard capacity.

Vietnam’s 2014 demand for containerboard was estimated at 1.3 million tons, and is forecast to expand approximately 6-10% due to an influx of export-oriented foreign direct investmens and a growing consumer base.

With this new capacity, Vina Kraft Paper Co., Ltd will maintain its leading position in Vietnam’s containerboard market and aim for sustainable growth in the country. Furthermore, it will also strengthen its integrated production system from containerboard to corrugated packaging.

Southeast Asia is an important strategic location for Rengo Group, a “General Packaging Industry” (GPI). As overseas operations are considered as one of our core businesses, we will work to further enhance our presence in the rapidly developing market of Vietnam.

 

Overview of Vina Kraft Paper Co., Ltd.

Head Office

My Phuoc Industrial Park, Binh Duong Province, Vietnam
(40km northwest of Ho Chi Minh City)

General Director Sangchai Wiriyaumpaiwong
Capital US$190 million
Equity Participation

Siam Kraft Industry Co., Ltd. 70%
Rengo Co., Ltd. 30%

Products Containerboard (Linerboard & Corrugating Medium)
Production Capacity 246,000 tons/annum

 

Overview of New Investment

Products

Containerboard

Production Volume

243,000 tons/annum (489,000 tons in total/annum)

Start Up Scheduled during 2nd quarter 2017