Vina to build new containerboard mill in Vietnam

Vina Kraft Paper will add 370,000 tpy of
containerboard capacities in Vietnam
05 Nov 2021 − 

Containerboard demand in Vietnam is expected to grow due to increasing domestic consumption but also thanks to more demand from abroad, especially China. Vina Kraft Paper has therefore decided to build a new mill in the country.

Substantial investments are being made in Asia in recent years to build new production facilities for paper. Chinese buyers, for instance, have significantly increased imports of packaging paper from Asia. This is one of the reasons why Vina Kraft Paper, a joint venture founded by Thailand’s SCG Paper and Japanese packaging group Rengo, decided to invest in another containerboard mill in Vietnam.

The new mill is slated to come up not far from Hanoi in the north of Vietnam. It will be rated to produce 370,000 tpy of liners and corrugating medium, Rengo and SCG Paper inform in a press release. Commissioning is planned for the first quarter of 2024 with the total investment at the equivalent of roughly €280m.

This article is an excerpt from our article on Vina Kraft's investment.

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