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Century Bond to build plant in Vietnam.(Overseas Investment)(Century Bond Sdn Bhd subsidiary Prestige Packages Sdn Bhd is building a corrugated plant in Vietnam)(Brief Article)
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Paperboard Packaging
- Article date:
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September 1, 2003
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Copyright informationCOPYRIGHT 2003 Advanstar Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Johor, Malaysia--Century Bond Sdn Bhd is looking to capture a 10 percent share of the corrugated box market in Vietnam. The company recently made its first overseas investment of $2.6 million and hopes to start production in mid-2004.
A wholly-owned subsidiary, Prestige Packages Sdn Bhd, purchased a 646,000-square-foot site in the Long Nai Province to build a corrugated box and multi-wall paper bag plant, according to The Star Online, the Web site of Malaysia's Star Publications. About 323,000 square feet will be for manufacturing and warehousing and the remaining space is for future expansion.
The boxes and bags will be targeted at local animal feedmill, cement ...
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