RENGO CO., LTD. Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that its wholly-owned subsidiary Settsu Carton Corporation (Head Office: Itami City, Hyogo Prefecture, President: Toshio Niwa) established Settsu Carton Vietnam Corporation in Dong Nai Province, Vietnam in November 2013 and began constructing a new plant, and a ceremony was held on March 6 of this year to mark the completion of construction of that plant.
With the completion of the new plant, Settsu Carton Vietnam will supply high-quality packaging materials to customers with a focus on Japanese companies located in the outskirts of Ho Chi Minh City. Settsu Carton Vietnam will play an important role in the Rengo Group's business in Vietnam, which is expected to undergo rapid economic growth.
The Rengo Group, which defines itself as a General Packaging Industry, positions Southeast Asia as a key strategic region and a major pillar of its overseas business as the Group seeks to further expand operations globally. Rengo will continue to enhance its supply systems for corrugated packaging and other packaging materials.
| Location |
Long Duc Industrial Park, Long Duc Ward, Long Thanh District, Dong Nai Province, Vietnam |
| Chairman | Toshio Niwa (President, Settsu Carton Corporation) |
| President | Masayoshi Nishikawa (Senior Managing Director, Settsu Carton Corporation) |
| Capital | $US10 million |
| Shareholders |
Settsu Carton Corporation: 80% |
Main Business | Manufacturing and sales of corrugated boxes |
| Number of employees | 39 |
| Products | Corrugated boxes |
| Production volume | 800,000 m2/month |
| Site area | Approx. 20,000 m2 |
| Building area | Approx. 8,000 m2 |
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