Constantia Flexibles Group will invest in new technology at its flexible packaging subsidiary in Vietnam with the goal of expanding its product portfolio.
Ho Chi Minh City-based Oai Hung Manufacturing Joint Stock Co. will install a new printing machine and a laminator, representing a multimillion-euro investment.
The wide printing machine will have reverse printing capabilities to serve new trends in the home and personal care (HPC) and dairy lidding sectors. The duplex solvent-based adhesive laminator, which will be located in a clean room facility, is able to produce high-adhesion structures required for premium sachet and pouch laminates. The new technology is expected to go online during the second half of 2018.
“We are very happy with the integration of Oai Hung into our global network, and the investment will open up new business opportunities in the buoyant Vietnamese and fast-growing Southeast Asia region,” said Pierre-Henri Bruchon, executive vice president and head of Constantia’s pharma division. “The new technology will allow Oai Hung to diversify its leading foil-based pharmaceutical portfolio based on GMP standards.”
Constantia’s pharma division is the world’s second largest flexible packaging manufacturer for the pharmaceutical and HPC industries. It operates production sites in Austria, Germany, Italy, Spain, the United Kingdom, Belgium and Vietnam. In 2016, Constantia Flexibles acquired 51 percent of Oai Hung, which is Vietnam’s largest supplier of aluminum-based blister foil.
Constantia Flexibles Group