Two Belgian confectionary majors have announced a significant joint-venture that sets out to expand their combined presence and supply-chain in Vietnam and transform them into a regional 'powerhouse'.
Crown has agreed to acquire the remaining interest in its can manufacturing joint ventures in China and Vietnam from affiliates of Swire Pacific Limited.
Crown Holdings has boosted its beverage can production capacity in South East Asia by around 600m a year following an acquisition in Vietnam, while signaling further output expansion in future.
Sugar prices are falling in Vietnam after the government permitted
several thousand tonnes to be imported to ease restricted domestic
supply shortages.
Barrington Foods has announced that it is to build a packaging
facility near Ho Chi Minh City in cooperation with its Vietnamese
joint venture partner.
