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The packaging industry plays an important role in the country’s economic development. A significant development of the packaging industry has made a great demand on packaging factory. All of your needs will be fulfilled by either large factories or small factories for rent. The below article will help you to have a better understand of the packaging industry, as well as packaging factory!
Currently, Vietnam is one of the countries which has the packaging industry develops strongly. the growth of this industry is from 10 – 12% year by year. Moreover, with a big demand in domestic consumption and exporting goods, the quantities of packaging factory have a faster growth rate. This is a great opportunity for Vietnam to attract more foreign investments.
Inside of a packaging factory
According to analysts, the number of high quality workshop for rent for domestic production and export has been increasing. In recent years, Vietnam has a lot of attraction to foreign businesses. Foreign investors see many competitive advantages in this developing market. It is forecasted that in the upcoming years, the industry’s annual growth will not be less than two digits. As a result, the supply and demand of packaging factory for rent near HCMC or price of factory for rent in Long An have increased sharply.
Recently, the BillerudKorsnäs Company who has rental factory in the UK and Finland has officially mentioned about the cooperation in Vietnam. This enterprise is planning to invest in an official packaging factory for rent (packaging factory) in Vietnam. Cement packaging is the investment form chosen by this company. Mr. Le The Ngoc, Deputy Director of the Department of Construction Materials (Ministry of Construction) said that the development strategy of Vietnam’s cement industry is focusing on the sustainable development.
Korean and Japanese enterprises also pay a lot of attention in M&A deals in the package manufacturing industry in Vietnam. Dongwon Systems Corporation (Korea) has invested US$ 21.86 millions in Minh Viet Packaging Co., Ltd. At the same time, the additional US$ 39 millions was purchased for a 47% stake in Tan Tien Plastic Packaging Joint Stock Company. In addition, Tetra Pak has built its first packaging factory for rent (factory for rent near Ho Chi Minh) in Vietnam. This plant is expected to be exploited next year. This is to shorten the time and meet a stable supply for domestic manufacturers.
More and more foreign firms choose packaging factory in VN
After years investing in Vietnam, SCG Group (Thailand) also did not miss the opportunity to increase their profits. They focus on investing in package manufacturing. This enterprise has acquired 80% of the shares of Tin Thanh Packaging Joint Stock Company (Basico). This is one of the top packaging manufacturers in Vietnam. The investment of these enterprises is US $ 44 millions
In the wave of foreign enterprises pouring capital into packaging factory in Vietnam, domestic enterprises have to face fierce competition. Therefore, the domestic enterprises must proactively create their own competitive advantages, including production scale, capital sources, stable output both for domestic and for the export market. Binh Minh Packaging Joint Stock Company expects their revenue to grow to VND 300 billions. This is a company specializing in the field of printing production.
At the same time, this enterprise also provides complex packaging for food, confectionery, and pharmaceuticals. Currently, Thai and Korean packaging enterprises in Vietnam have the largest exporting market share. These enterprises are dominating the domestic enterprises.
In the near future, Vietnamese enterprises need to invest more strongly. New technologies are applied for development in packaging factory, and factory in vietnam or large size factory warehouse rental, to create a cost saving factory. Hopefully, in the future, the Vietnamese market will maintain a high growth rate in the industry.
Source: packaging factory for rent