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Tetra Pak Vietnam building factory in Binh Duong

Released at: 10:43, 01/04/2017

Tetra Pak Vietnam building factory in Binh Duong

Photo: thecity.com.vn

$110 million packaging factory to be completed in 2019.

by Van Hai

The Tetra Pak Vietnam JSC will invest $110 million in building a factory in southern Binh Duong province this year, according to General Director Mr. Robert Graves.

Construction of the factory, with a capacity of 20 billion packaging products per year, is expected to be completed in 2019.

Vietnam is among the Top 10 biggest consumption markets of the Tetra Pak Group, he went on. Per person consumption of milk, however, a major user of Tetra Pak’s products, remains relatively low, at only 22.7 liters per person per year, compared to an average of 80 to 120 liters in Australia, the UK, Canada, and the US.

“We expect milk consumption in Vietnam to reach 28 liters per person shortly,” he said.

He also said that changes in Vietnamese drinking habits is helping Tetra Pak to develop.

The size of Vietnam’s dairy market is about 2.1 billion liters. White milk is nearly 900 million liters, of which more than 90 per cent is in liquid form. Consumption of other milk products, such as flavored milk, milk for infants and children, and powdered milk, is also quite high.

“The trend towards liquid milk will increase as consumers seek more convenience,” Mr. Graves predicted.

Tetra Pak sold about 7.5 billion packaging products in 2016, primarily to the dairy industry.

The Binh Duong factory will not only supply the domestic market but also the export market in Asia.

Tetra Pak Group has 42 factories around the world. Once in operation, its Vietnam’s factory will be one of its five largest.

From 2010 to 2015, milk production in Vietnam increased nearly 70 per cent, from 1.2 billion liters to 2.1 billion liters, according to Euromonitor research.

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