Tetra Pak will open a new closures plant in early 2018 which services South Asia, East Asia and Oceania.
The AU$33 million plant, to be built in Rayong, Thailand, will create around 60 jobs and be able to produce more than three billion closures for carton packaging every year, according to the packaging company.
The market for packaging with closures is forecast to grow by more than 30 per cent between 2015 and 2018, and the new facility will provide local production and extra capacity.
Michael Zacka, cluster vice president of Tetra Pak South Asia, East Asia and Oceania, said the new production facility would ensure faster delivery for customers across the region, offering a broad range of closures that meet consumer demand for functionality and convenience.
“It’s another sign of the confidence we have in this region, and our commitment to putting our customers’ success at the heart of everything we do," Zacka said.
“Products from Oceania are very attractive to many other countries given our clean and green environment.
"Together with the packaging material factory that we will open in Vietnam in 2019, our fourth in southern Asia, our ability to serve customers in this exciting part of the world is growing stronger all the time.”
The new production facility will be located within the company’s existing Straws and Strips Plant in Rayong.
Besides producing new generation Closures such as HeliCap 23, HeliCap 27 and DreamCap 26, the factory will also produce bio-based closures to help drive its sustainability agenda.
The location of the new factory will also reduce CO2 emissions through reduced transportation from the production site to the end consumer.
The technology used in the plant will also minimise energy consumption during production.
The announcement comes two months after Tetra Pak announced a $138 million investment in a new regional packaging material manufacturing facility in Vietnam, to build the company’s manufacturing footprint in Asia alongside existing production facilities in Singapore, India and Japan.