News Releases / 2016
November 18, 2016
Rengo Announces Start of New Capacity at Joint Paper Mill in Vietnam
Rengo Co., Ltd. (Head office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces the successful start of the second paper production line at Vina Kraft Paper Co., Ltd. (Head Office: Binh Duong Province, Vietnam; General Director Sangchai Wiriyaumpaiwong), its joint venture containerboard mill in Vietnam.
Vietnam is a growing country in the ASEAN region, with 2016 GDP growth estimated at 6.1% according to the October 2016 IMF World Economic Review. Demand for containerboard is expanding at the same pace. With this new capacity as well as optimization of the first paper production line, Vina Kraft Paper adds 243,500 tons per annum to its portfolio, bringing the total capacity to 489,000 tons.
In addition, with its strong commitment to sustainability, Vina Kraft Paper puts environmental awareness at the forefront. The new facility features an environmentally friendly self-sufficient co-generation power plant, a raw material preparation line, and a high-standard effluent treatment plant.
Vina Kraft Paper will maintain its leading position in Vietnam’s containerboard market and aim for sustainable growth in the country with high quality products.
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.
My Phuoc Industrial Park, Binh Duong Province, Vietnam
(45 km 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
489,000 tons in total/annum
Overview of No. 2 Paper Machine
Containerboard (corrugating medium)
Production Volume 220,000 tons/annum Total Investment US$130 million