14:31 | 10/08/2015 Economy
Tissue paper manufacturer NTPM Holdings Bhd of Malaysia is negotiating for a couple of orders worth about US$5.2 million per year for its new operations in Ho Chi Minh City, StarBiz online newspaper of Malaysia reported.
Group managing director Lee See Jin told the newspaper that the orders were among the several business deals that the group was trying to seal for the new manufacturing entity in Vietnam.
He said around 450 tonnes of tissue paper products would be consumed in the Vietnamese market each month.
The new plant in Vietnam has the capacity to produce up to 1,000 tonnes of tissue products per month.
“Our actual production per month is 800 tonnes, running on one production line. There are plans to add another four production lines at the Vietnamese plant in the future.”
“There are also plans to introduce personal care products such as sanitary napkins, diapers, wet wipes and facial cottons for the Vietnamese market,” he said.
Lee said the group had invested US$10.2-13 million in the Vietnamese operations, which would help it to grow about 3% a year in terms of revenue and bottom line./.