Japanese can manufacturer expands operation in Vietnam
Japanese industrial material manufacturer Showa Denko K.K. is fostering the production of aluminum cans in Vietnam amid growing demand for beverages in this market.
Hanoi (VNA) - Japanese industrial material manufacturerShowa Denko K.K. is fostering the production of aluminum cans in Vietnam amidgrowing demand for beverages in this market.
Hanacans JSC, a Vietnamese subsidiary of Showa Denko, said the firm will buildits third factory in the southern province of Ba Ria - Vung Tau, which isexpected to become operational in July 2020.
The firm said with this factory, Showa Denko’s production capacityin Vietnam will increase 72 percent to 3.1 billion cans per year.
The company also planned to install a production line with a capacity of 1.1billion cans per year at a factory in the northern province of Bac Ninh.
According to Spokesperson of Showa Denko Junji Kodama, the factory in Ba Ria-Vung Tau will mainly produce cans for beer and soft drinks.
Hanacans currently has two factories in Bac Ninh province and the centralprovince in Quang Nam. The firm’s statistics show that the total annual outputof the two factories is 1.8 billion cans.
The demand for aluminum cans in Vietnam is estimated at 10 billioncans in 2018 and is expected to increase by 10 percent annually.
Showa Denko aims to place more overseas production factories and improve theprofitability of its domestic business operations in line with the firm’s mid-termmanagement plan until 2021.-VNA
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Illustrative image (Source: internet) 
