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Japan-Update

Oji to lift cardboard box output in Vietnam and Malaysia

Japanese paper maker tapping demand from increased product shipments

Demand for cardboard boxes is growing steadily in Vietnam, as economic development is boosting the circulation of consumer goods.   © Reuters

TOKYO -- Japanese paper maker Oji Holdings will spend some 6 billion yen ($54.8 million) to boost cardboard box production in Southeast Asia, where economic growth has increased shipments of home appliances, food and other products.

The company will spend roughly 3 billion yen to build a plant in Vietnam's Ha Nam Province, south of Hanoi. The facility, slated to come online next July, will manufacture cardboard boxes at a pace of about 50 million sq. meters a year, increasing Oji's total capacity in the country by roughly 30%. The company currently produces 150 million sq. meters annually at its four existing plants there.

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