1. Corrugated Container Business in Vietnam
Since year 2000, Oji Group has operated corrugated container business in Vietnam. We have three corrugated container factories in Dong Nai Province (Southern area), Haiphong City (Northern area) and Bac Ninh Province (Northern area) at present. We also acquire United Packaging (Folding box) last year. New factory will be our fifth manufacturing sites in Vietnam.
2. Objectives of New Factory
1) Corresponding with market demand increase of corrugated container in Southern Vietnam
With the steady growth of Vietnam economy, geographically interact with both East-West Economic Corridor and South Economic Corridor and plenty of work-force, various manufacturing companies increase investment in Vietnam.It will increase corrugated container demand and new factory will correspond with it.
2) To adapt to market demand of high-graphic corrugated container
In Southeast Asian packaging market, it is a trend toward colorful printing. Decorative products demand is also increasing in corrugated box products. In order to meet such a market demand, we will install high-graphic printing machine and together with UP's offset printing business, we will provide with packaging product which would be best for the customer's needs in Southern Vietnam market.
3. Overview of New Factory
Form of Establishment: The second factory of Ojitex (Vietnam) Co., Ltd.
(wholly owned subsidiary of Oji Holdings)
Location: VSIP- II Industrial Park [Binh Duong Province, Vietnam (40km north from center of Ho Chi Minh City)] Investment 3.0 billion JPY Production
Capacity: Corrugated container business 42millionm2/year
Start-up Date: January 2016 (planned)