PET Outlook Asia for 2013
19-21 Nov, 2012 - Ho Chi Minh City
Mövenpick Hotel Saigon
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PepsiCo & Coca-Cola eye major growth opportunities in Vietnam
Posted on : 12 Nov, 2012
With the world’s largest beverage giants Coca-Cola and PepsiCo recently announced strategic investments in Vietnam, the country seems poised to be a big emerging market for global brands seeking expansion.
Coca-Cola plans to invest US$300 million in Vietnam over the next three years. While visiting Hanoi, Coca-Cola chairman Muhtar Kent pointed to Vietnam’s healthy economical growth in recent years and called the company’s investment a sign of its belief in the “long-term potential of this key market.” Coca-Cola, Coke Light, Fanta and Sprite, Minute Maid teppy, Minute Maid Nutriboost, Samurai, Real Leaf and Dasani are some popular Coca-Cola brands in Vietnam.
PepsiCo on the other hand, announced a strategic partnership with a beverage and wellness company based in Japan, Suntory Holdings Ltd., aiming new growth opportunities in the market. In the past few years, the company has experienced rapid growth, claiming to have tripled its annual revenue between 2006 and 2011. Familiar PepsiCo brands in Vietnam include Pepsi-Cola, 7-Up, Sting, Mirinda, Tropicana Twister, Lipton and Aquafina.
PET Outlook Asia for 2013, a premier event to be held in Ho Chi Minh City on 19-21 November, will host industry experts coming together to share their expertise and provide updates on Asian PET industry, Global feedstock markets, pricing, packaging, recycling PET, bio-PET, new applications, technology advancements and much more. Among the experts at the conference are senior representatives from PCI PET Packaging Resin & Recycling Ltd, Ngoc Nghia Plastic Joint Stock Company, Platts Singapore, PT Dynaplast Tbk, Far Eastern New Century Corperation, Srithai Superware Public Company Limited, M&G Polimeri Italia S.p.A, Iwatani Corporation, Toyota Tsusho Corporation, Manjushree Technopack Limited, Nextek Limited, EREMA (Engineering Recycling Maschinen und Anlagen Ges.m.b.H.), Sekisui Plastics Co Ltd, Sabic Innovative Plastics, Suntory Limited., Head Office, Holland Colours NV, and Sidel South Asia-Pacific Ltd.
Thai converter, Srithai Superware bags Pepsi Vietnam's PET packaging supply 3-year contract
Posted on : 25 Oct, 2012
Pepsi Vietnam has awarded Srithai Superware a second contract for production of PET bottles and caps for the beverage giant in Northern Vietnam. The contract worth BHT400 million per annum is expected to begin in December 2012, said the Thai company which is one of Thailand’s largest manufacturers of molded plastic products and melamine.
This deal followed soon after Srithai Superware signed a 3-year BHT 500-600 million per annum contract with Pepsi Vietnam effective from July 2012, to supply PET bottles and caps in Southern Vietnam.
The company will also be manufacturing PET preform and screw cap bottles for Pepsi Thailand from October. They have one plant in Vietnam in addition to four manufacturing facilities in Thailand.
Mr. Rakesh Singh, Director – Corporate Strategy & Operations Development at Srithai Superware Public Company Limited is speaking on “Thailand PET Preform Market” at the PET Outlook Asia for 2013 conference on 19-21 November. The agenda also includes an overview of the preform market scenario in Vietnam and Indonesia, as well as a review of the PET industry in China, Japan and India. The event is being held in Ho Chi Minh City, and one may REGISTER here and book seats to take part in the conference. Further queries may be directed to Ms. Hafizah at firstname.lastname@example.org
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PET demand in Asia Pacific to reach 47.6% by 2020, China expected to emerge leader says GBI Research
Posted on : 24 Sep, 2012
In the last decade, PET (Polyethylene terephthalate) saw a growth of 7% according to GBI Research, a chemical intelligence provider. The company said, “The demand for the flexible packaging chemical is a result of its diverse application in a range of new products in the FMGC (fast moving consumer goods) and food sectors.”
Global PET demand showed a compound annual growth rate (CAGR) of 6.9% between years 2000 and 2010. According to GBI, this upward trend is likely to continue, with global PET demand expected to reach 23,452,281 by 2020.
At 40.6%, the Asia-Pacific region showed the highest demand for PET. As a result of growing petrochemical product manufacturing in China, GBI anticipates demand to increase to 47.8% by 2020. By this time, GBI expects China to emerge the PET market leader due to major PET producers investing in operations in the country. Other countries expected to see an increase in PET markets are Brazil, Russia and India.
GBI predicts further growth in flexible packaging due to growing demand for greater product protection and longer shelf life. PET packaging will see an increased share in the packaging sector in the next decade with better gas barriers and UV light protection which contributes to extended product shelf life. New hot-filling processes too are creating potential for PET packaging of pasta and sauces.
Further insight into the Asian PET sector outlook for the coming year including updates on the markets and new applications and technology developments will be provided in Ho Chi Minh City on 19-20 November 2012 at PET Outlook for Asia 2013. To be a part of this conference, Register now or forward your enquiries to Ms. Hafizah at email@example.com
F&N Malaysia invests RM18 million for new PET production line
Posted on : 19 Jun, 2012
To cope with the growing demand for PET packaged beverages, F&N Beverages Marketing Sdn Bhd (F&N Malaysia) invested RM18 million towards the installation of a fully automated PET production line and supporting infrastructure including new utility plants like water treatment, wastewater treatment, cooling plant, boiler and air compressor at its Kota Kinabalu facility. Anticipating future growth, this move provides the company scalability without plant expansion, as well as reduced logistics costs. The investment would also ensure higher production efficiency and a greener plant.
Khalid Alvi, managing director of F&N stated in a press statement, “Sabah continues to be a significant market for F&N and our investment in this line will enable us to cater to the potential growth for PET sparkling beverages in Sabah, one of our significant markets in Malaysia. We can scale up production seamlessly to thrice the current capacity with no additional investment required.”
The PET Outlook 2013 conference on 19-20 November to be held in Ho Chi Minh City will provide an in-depth analysis of the PET growth in emerging markets in Asia, including Vietnam, Indonesia, Cambodia and Thailand. Sessions at the event will also examine the major applications as well as cover subjects like improving the PET quality levels, safety and market perception to international standards. The agenda for the conference will be available soon. For further details, please contact Ms. Hafizah at firstname.lastname@example.org . One may also Pre-Register for the event now, to reserve seats.
News extracted from TheBorneoPost.com