Saigon Paper completes mill expansion

Tuesday, May 26, 2015

In recent years, Vietnam paper industry witnessed substantial expansion plans from big players in the sector to capture Vietnam’s growing paper demand. Paper consumption in Vietnam is growing in-line with the country’s transition from a centrally-planned to an open economy.

According to Papnews,  Saigon Paper is forecasted to increase revenues by 260% over the next 5 years, which will translate into a revenue of $200 million in 2019 compared with $57 million in 2014 as Saigon Paper has successfully executed the plan to invest $116 million to expand tissue and paper packaging production at its My Xuan mill in Ba Ria – Vung Tau province in Vietnam in the fourth quarter of 2014.

The investment adds an incremental 28.080 tons of tissue capacity (facial tissue, napkins, toilet tissue, mini jumbo rolls and jumbo rolls) and 179.400 tons of industrial paper capacity (medium, testliner and chipboard which are key inputs for carton-board and paper packaging products).

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