Tetra Pak invests in Dong Tien Packaging and Paper
Investment a commitment to helping the local food industry promote the recycling of used cartons.
Swedish food processing and packaging solutions company Tetra Pak announced on February 21 an investment in the Dong Tien Packaging and Paper Co., Ltd, to upgrade and expand the recycling of used Tetra Pak beverage cartons in Vietnam.
It will invest €3.5 million ($3.9 million) in the company, of which €1.2 million ($1.3 million) will go to the installation of a modern production line with European technology standards at its recycling plant that separates paper from used cartons, to be completed in the fourth quarter of this year.
This is considered a significant investment, as it is the first time a foreign packaging solutions company has invested in promoting the capacity of Vietnam’s nascent recycling industry.
According to Mr. Eliseo Barcas, Managing Director of Tetra Pak Vietnam, supporting the development of local carton recycling is part of Tetra Pak’s roadmap towards a low-carbon, circular economy worldwide. “This initiative also demonstrates our strong commitment to supporting food and beverage manufacturers in fulfilling their responsibility for collecting used cartons,” he added.
The modern technology line separating paper from cartons is expected to approximately double the plant’s capacity to 17,000 tons per year and enable the production of premium recycled pulp that can be used to make products of high commercial value, such as napkins, toilet paper, and office paper, thereby helping to raise the commercial value of used cartons and income for collectors.
“We expect that once the production line is put into operation at full capacity, it will encourage a habit of collecting used cartons among local people and collectors, motivating all of society to contribute,” said Mr. Hoang Trung Son, General Director of Dong Tien Packaging and Paper.