News

Suntory Beverage & Food targets Vietnam growth with capacity boost

Most popular

What's coming up in dark spirits in 2020?

What's coming up in soft drinks in 2020?

What will shape consumer trends in 2020?

Will 2020 see Campari Group back on the M&A hunt?

just-drinks speaks to DISCUS CEO Chris Swonger

MORE

Suntory's soft drinks unit has unveiled plans to boost its Vietnam production by 60% over the next five years to keep pace with growth in the country.  

Suntory says Vietnam is set for soft drinks growth

Suntory says Vietnam is set for soft drinks growth

Suntory Beverage & Food told just-drinks it has a 2021 plan to expand its manufacturing capability in Vietnam, including a near-JPY10bn (US$87.8m) investment in new production lines. The unit will also extend ties with local co-packers.

An SBF spokesperson said that as the unit believes the Vietnamese soft drinks market will grow by more than single digits, it will need this capacity in the mid- to long-term.

The investment highlights the attraction of the Vietnamese market as soft drinks makers seek to capture the country's strong population growth and urbanisation trends. Last Month, Tetra Pak announced it will spend around US$110m on a new facility in Vietnam to cater for beverage suppliers in the region. The plant will have an expandable production capacity of about 20bn packs a year.

Brewers are also flocking to Vietnam. The proposed sale of the country's government-owned breweries, Saigon Beer Alcohol and Beverages Corp (Sabeco) and Hanoi Beer Alcohol & Beverage Corp (Habeco) has reportedly seen a number of international producers show an interest.


Sectors: Soft drinks, Water

Related Content

Heineken hails Silver launch in Vietnam amid growing competition

Heineken hails Silver launch in Vietnam amid growing competition...

Why Vietnam is the next beer battleground - Analysis

Why Vietnam is the next beer battleground - Analysis...

Will price rises slow growth for Monster Beverage Corp? - results data

Will price rises slow growth for Monster Beverage Corp? - results data...

How has Monster Beverage Corp performed in YTD 2019? - results data - just-drinks comments

How has Monster Beverage Corp performed in YTD 2019? - results data - just-drinks comments...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?