Tetra Pak has announced a €24 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 advanced regional manufacturing 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 Michael Zacka, Regional Vice President - Tetra Pak South Asia, East Asia and Oceania.

"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."

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