Tetra Pak Invest $25.3 Million in Factory for Packaging ‘Closures’ in Asia & Oceania

89ac67a3-9e5e-4938-bd16-2f6005316440articleimage.jpg

15 Feb 2017 --- Tetra Pak, the world's leading food processing and packaging solutions company, today announced a €24 Million ($25.3 Million) investment in it’s very first plant for Packaging Closures in South Asia, East Asia and Oceania. The facility is set to capture the region’s rapid market growth for packaging with Closures, forecast to grow by more than 30% between 2015 to 2018. 

The €24 million ($25.3 Million) investment, which will create around 60 jobs when it opens early in 2018, will be capable of producing more than 3 billion closures every year.

With demand for well-designed closures on beverage cartons rising all the time, the new facility will provide much-needed local production and essential extra capacity.
Michael Zacka, Cluster Vice President, Tetra Pak South Asia, East Asia and Oceania (SAEA&O), said: “The new production facility will ensure faster delivery for customers across the region, offering a broad range of exciting closures that meet consumer demand for functionality and convenience.” 

“It’s another sign of the confidence we have in this region, and our commitment to putting our customers’ success at the heart of everything we do. Together with the packaging material factory that we will open in Vietnam in 2019, our fourth in southern Asia alone, our ability to serve customers in this exciting part of the world is growing stronger all the time.”

The new production facility will be located within the company’s existing Straws and Strips Plant in Rayong, Thailand and will become operational in early 2018. With a production capacity of more than three billion units per year, the new plant will enable customers across the region to access locally produced Closures for the first time.  
  
“Consumers in our region are increasingly looking for packaging that is functional and convenient, in order to suit their progressively busy lifestyles,” says Zacka. “Being the industry leader, we are committed to drive innovation and help our customers address the evolving market needs. With this new facility we will be able to provide our customers with a wider portfolio of Caps and Closures, with shorter lead time and enhanced quality, efficiency and flexibility.” 

Besides producing new generation Closures such as HeliCap23, HeliCap27 and DreamCap26, the factory will also produce bio-based Closures, to help drive the sustainability agenda. Additionally, the location of the new factory will reduce CO2 emissions through reduced transportation from the production site to the final customer. And finally, the technology used in the plant will also minimise energy consumption during production. 

The announcement comes two months after Tetra Pak announced a €100 Million investment in a new regional Packaging Material manufacturing facility in Vietnam, to build the company’s manufacturing footprint in Asia, alongside existing production facilities in Singapore, India and Japan.  

“We are extremely positive about the growth outlook in our region and are quite confident that the new Closures plant will help us open many new opportunities,” said Zacka. 

Tetra Pak

Collapse

Company Overview

Tetra Pak is the world's leading company for food processing and packaging solutions. Working closely with our customers and suppliers, we provide safe, innovative and environmentally sound products that each day meet the needs of hundreds of millions of people in more than 170 countries around the world. With close to 22,000 employees based in over 85 countries, we believe in responsible industry leadership and a sustainable approach to business. Our motto, PROTECTS WHATS GOOD," reflects our vision to make food safe and available, everywhere

Products

At Tetra Pak we are specialists in complete solutions for the processing, packaging and distribution of food products. Our solutions are specifically designed to be as economical with resources as possible. Dairy products, juices and nectars, ice cream, cheese, food and vegetables and pet food are examples of products that can be processed or packaged in Tetra Pak processing and packaging lines. We focus on keeping the consumption of all raw materials and energy to a minimum during both the manufacturing process and distribution. The processing solutions are also designed to treat the products gently.

Our products are divided into several categories:

Packages
Processing equipment
Filling machines
Distribution equipment
Service products
R&D

Our customers need faster, better and cheaper developments to reduce their operational costs and to increase performance in order to remain competitive. We invest in technology and new products in response to customers, consumer and market dynamics.

Environmental sustainability

We are committed to running our business in an environmentally sound and sustainable way. We set goals for continuous improvement in our development, sourcing, manufacturing, and transportation activities. As part of that commitment, we take a long-term and lifecycle view, continually improving environmental performance, communicating openly with our stakeholders and reporting regularly on our performance. Read about our environmental performance.

Food for Development

For more than 45 years, we have helped customers, governments, international and community-based organisations and farmers to provide milk and other nutritious drinks in schools around the world. Read about Food for development and our school milk projects.

Related Articles

Food Ingredients News

EFSA to Offer Added Sugar Advice by Early 2020

24 Mar 2017 --- EFSA will provide scientific advice on the daily intake of added sugar in food by early 2020. The Authority aims to establish a science-based cut-off value for daily exposure to added sugars from all sources which is not associated with adverse health effects. The work will be carried out following a request from Denmark, Finland, Iceland, Norway and Sweden.

Business News

Record Year for Flavor Experts Frutarom with 31% Sales Surge

24 Mar 2017 --- Flavor and fine ingredients specialists Frutarom has reported its full year financial results for 2016 with sales jumping 31.4% to a record US$1.14 million and gross profit for the company increase 31.4% to US$448 million. The company says this is another record year where it has successfully implemented its rapid growth and profitable strategy.
Sales from core business of special flavors and raw materials reached US$1.07 billion.

Food Ingredients News

Milk Specialties Global Launches Calcium Caseinate From rBGH-Free Milk

24 Mar 2017 --- Milk Specialties Global, the protein manufacturer based out of Eden Prairie, MN, is the first US-based company to market calcium caseinate produced from fresh US milk. The rBGH-free, non-GMO skim milk is sourced from local California dairy farms and transported to its Visalia, CA plant where the other milk components are removed to produce the calcium caseinate.

Nutrition & Health News

Ajinomoto Invests in Hinoman, Acquires Sales Rights in Japan for Mankai

24 Mar 2017 --- Ajinomoto Co., Inc. have reached an agreement with Hinoman Ltd., a venture company in Israel, to conclude a contract to invest USD 15 million in Hinoman Ltd. and concurrently agreed to acquire the exclusive sales rights in Japan for Mankai, Hinoman Ltd.’s high-protein plant material with extraordinary nutritional value.

Business News

Irish Food Board Embarks on Industry Focused “Brexit Roadshow”

24 Mar 2017 --- A dedicated team of Bord Bia food, drink and horticulture specialists will embark on a “Brexit Roadshow” over the coming weeks visiting more than 150 Irish exporters nationwide. 

More Articles