Siam Pulp and Paper plans to invest 220mio US$ to set up a large packaging paper facility in Vietnam’s southern Binh Duong province. The facility will be able to turn out 220,000 tons of packaging products per year when it goes on stream in early 2009.
30% of its output will be exported while the rest will be sold in Vietnam, where the company already has a market. The new facility will scale up SCG’s packaging paper capacity to 1.74 million tons a year.
The company expects strong demand for such products in Vietnam as almost half of the country’s demand of 580,000 tons this year was imported. Annual growth in demand is forecast to be 10-15% for the next 10 years.
Source: Tuoi Tre
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