The move is prompted by increasing consumption volumes, with the 2016 total packed liquid dairy and fruit-based beverages intake at 70 billion litres across ASEAN

Bolstered by rapid consumption growth and increasing customer needs in the Asia Pacific region, Tetra Pak, the world's leading food processing and packaging solutions company, has announced its US$110 million investment in a state-of-the-art regional manufacturing facility near Ho Chi Minh City, Vietnam, to serve customers across the region.

The move is prompted by increasing consumption volumes, with the 2016 total packed liquid dairy and fruit-based beverages intake at 70 billion litres across ASEAN, South Asia, Japan, Korea, Australia and New Zealand.

Additionally, over the next three years, these markets are likely to grow at a healthy 5.6% per annum, with products packed in Tetra Pak cartons projected to grow at a much faster rate as compared to other packaging formats such as glass bottles and cans.

"Tetra Pak has been present in the region for decades, with our first factory set up in Gotemba, Japan in 1971" said Michael Zacka, Regional Vice President, Tetra Pak South Asia, East Asia and Oceania.

"Over the years, we have seen substantial growth of our products, driven by a wide portfolio and a number of innovations that we have introduced in the market. Hence our investment in a new plant, which will be our fourth Packaging Material factory in the region, providing us expansive coverage and scale. This decision is a strong reflection of our commitment to the region and our firm belief in its future potential."

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