Market: Packaging Paper & Board
Posted February 6, 2017
Nippon Paper Industries Co., Ltd. (NPI) aims for sustainable growth in the future with its fifth medium-term business plan (from FY2015 to FY2017) by actively injecting management resources into areas that are expected to grow from now on and proceeding with the shift in the business structure.
In Vietnam, economic growth is boosting individual consumption and amid the increasing public awareness of the importance of sanitation along with the growth of the food service industry, the market in the area of paper container processing products, especially beverage cups, is expected to continue to expand from now on. In response to this situation, in January 2016, NPI established Nippon Paper Viet Hoa My Joint Stock Company (NPVHM) by joint capital with the owners of Viet Hoa My Trading Production Company Ltd., which has the top domestic share in the paper cup business.
After its establishment, NPVHM embarked on building a new plant in the suburbs of Ho Chi Minh City. The construction was completed on January 13, 2017 and the plant entered full-scale operations.