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Business trends

Japanese food and drink container makers bet on Southeast Asia

Showa Denko and others set up new production and sales footholds

A shopper picks up a can of beer at a shop in Hanoi. Japan’s Showa Denko will invest about $64 million to boost its aluminum beverage can and can lid production capacity in Vietnam.   © Reuters

TOKYO -- Japanese companies are stepping up their business in Southeast Asia to cash in on the region's growth. This time they are pouring investment into food and beverage containers.

Showa Denko will invest 7 billion yen ($63.9 million) to boost its aluminum can production capacity in Vietnam, while Hokkan Holdings has started manufacturing and selling beverage containers in Indonesia through a joint venture with a local maker.

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