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May 23, 2017

Rengo Joint Venture, Vina Kraft Paper, Conducts Opening Ceremony for No. 2 Paper Machine (Vietnam)

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that its joint venture containerboard mill in Vietnam, Vina Kraft Paper Co., Ltd. (Head Office: Binh Duong Province, Vietnam; General Director Sangchai Wiriyaumpaiwong), has conducted, an opening ceremony for its second paper production line (No. 2 Paper Machine). The production line started operation in November 2016.
Many guests, including the Chairman of Binh Duong Province’s People’s Committee, the Thai ambassador to Vietnam, and top management from its joint venture partner The Siam Cement Group (hereafter SCG) attended the ceremony to celebrate the completion of the new facility. In his speech, Chairman, President & CEO Otsubo touched on Rengo’s partnership with SCG since 1990, and the history behind Vina Kraft Paper’s founding. He also stated his hopes that Vina Kraft Paper will continue to support Vietnam’s economy and grow together with Vietnam’s development.
Overseas operations are considered one of the core businesses of Rengo Group, a “General Packaging Industry” (GPI). In addition to paperboard, it carries out a wide range of businesses in Vietnam, from corrugated packaging to flexible packaging and heavy duty packaging. Rengo Group will continue to firmly support Vietnam’s economic development by providing high-quality and trusted products.


Overview of Vina Kraft Paper Co., Ltd.

Company name

Vina Kraft Paper Co., Ltd.

Head Office My Phuoc Industrial Park, Binh Duong Province, Vietnam
(45 km northwest of Ho Chi Minh City; site area: 383,000m2)
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 Approx. 500,000 tons in total/annum
Other features Top priority is placed on environmental conservation, with features such as an advanced co-generation power plant, a raw material preparation line, and a high-standard effluent treatment plant.

Overview of No. 2 Paper Machine

Products Containerboard (corrugating medium)
Production volume Approx. 220,000 tons/annum
Total investment US$130 million

Chairman, President & CEO Otsubo speaking at the ceremony


Chairman, President & CEO Otsubo speaking at the ceremony

 

Together with the guests


Together with the guests


Vina Kraft Paper Co., Ltd.


Vina Kraft Paper Co., Ltd.

 

No. 2 Paper Machine


No. 2 Paper Machine