Tetra Pak Announces €60 Million Investment in China
29 March 2007 17:45
Hohhot, China – Tetra Pak, one of the world's leading processing and packaging solutions providers for food manufacturing, today announced plans to invest €60 million (RMB 616 million), in a state-of-the-art packaging material manufacturing plant in Hohhot, China, to support the country's growing dairy and beverage industry.
With a planned capacity of 8 billion packages per year, this new facility will be a strategic addition to Tetra Pak's existing production capacity. The new plant will break ground in mid-2007 and is scheduled to start operation in the fourth quarter of 2008. This latest announcement brings Tetra Pak's accumulated investment in China to more than €250 million.
Tetra Pak CEO, Dennis Jönsson, said during a visit to Hohhot: "This investment is a further demonstration of our commitment to helping customers grow their dairy and beverage industry with [the assistance of] our unique offering of processing and packaging solutions, on-the-ground support and more than 50 years of market experience. Tetra Pak is focused on providing customers with best-in-class production systems, lead time and service."
Tetra Pak China managing director, Hudson Lee, added: "This factory will primarily serve our customers in the north, freeing up capacity in our southern factories for customers in adjacent regions. With a larger production footprint, we will offer faster delivery and increased flexibility for customers all over China."
Tetra Pak estimates that the Chinese dairy industry will grow by an average of 15% over the next five years.
"We welcome Tetra Pak's investment in Hohhot, the 'Dairy Capital' of China," said Mr. Tang Ai Jun, the mayor of Hohhot. "We believe the establishment of such a modern facility will greatly boost the development of our dairy industry and aid local farmers."
Employing world-class manufacturing processes, the new plant will feature the most advanced technologies and equipment in the world to produce such popular carton packages materials as the Tetra Brik® Aseptic (TBA) and Tetra Fino® Aseptic (TFA). Other Tetra Pak plants in China are located in Kunshan, Foshan and Beijing, where Tetra Pak previously announced a €30 million investment to double annual production-capacity to 16 billion packages.
For more information on this company:
Tetra Pak Processing Systems - Total Production Solutions for the Food Manufacturing Industry
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