2012-10-23
Hon Chuan aggressively expands capacity in Southeast Asia
Taipei, Oct. 23, 2012 (CENS)
The Hon Chuan Group, a major maker of beverage packaging in Taiwan, is aggressively expanding its capacity in Southeast Asia by constructing its third beverage packaging plant in Indonesia and investing NT$300 million (US$10 million) to build a second plant in Malaysia.
Further, with a joint-venture plant with Uni-President in Indonesia and another plant applying for government registration in Myanmar, the firm expects to see a steady increase in revenues and profits beginning next year.
Hon Chuan's purpose in investing an additional NT$300 million (US$10 million) in its third Indonesian plant, said its chairman, H.C. Dai, is to maintain international competitiveness. It will supply products to nearby customers including Coca Cola, Pepsi, Unilever, Pocari Sweat, and Suntory.
Dai added that the new Malaysian plant, in Kuala Lumpur, will cover an area of about 22,000 square meters. Now under construction, the plant will begin producing caps and preforms in the first quarter of 2013 at the earliest. The following year, its production value is expected to reach NT$300 million (US$10 million).
Hon Chuan is optimistic about the prospects for economic development in Myanmar. It has bought a 30,000-square-meter site in Mingaladon, Yangon, and is likely to start plant construction there in the second quarter of 2013 at the earliest.
Currently there are three major beverage makers in Burma--Pinya, Loi Hein, and MGs-but there is still no hot-filling production line for beverages in the country. Hon Chuan's Myanmar plant is designed to tap this potentially lucrative market.
COPYRIGHT 2012 China Economic News Services
