HO CHI MINH, July 4 — Tetra Pak, a Swedish-Swiss multinational food processing and packaging solutions company, sees strong growth potential in Malaysia and across Asia Pacific beyond the milk category, said its president and chief executive officer Adolfo Orive.
He highlighted the growing consumer demand for a variety of beverages such as plant-based, fruit juices, coffee, iced tea, protein-enriched, oatmeal and energy products, signalling a broader shift in the local (Malaysia) and regional beverage markets.
He said that globally, the demand for protein is on the rise, and Malaysia is no exception.
The whole of Asia Pacific is a great source of those new beverage categories, he said.
“Our role is to support a wide range of products tailored to different age groups, lifestyles, and consumption.
“We commit to making food safe and available everywhere, and that is what we have been doing for more than 75 years,” he told Bernama.
Additionally, Orive stressed the importance of sustainable packaging, solutions that have a positive impact on the environment — currently, about 70 per cent of Tetra Pak’s packaging materials come from renewable sources, contributing to lower carbon dioxide emissions.
“We believe our packaging is already a strong and positive option in terms of sustainability, and we are committed to going further.
“Our goal is to keep investing in innovations that make our packaging even more sustainable for society as a whole,” he said.
On July 3, Tetra Pak announced the expansion of its facility in Binh Duong, Vietnam, following an investment of 97 million euros (RM482 million).
Serving as a regional production hub, Tetra Pak Binh Duong supplies packaging solutions to Vietnam and several key Asia Pacific markets, including Thailand, Malaysia, Indonesia, Singapore, the Philippines, Australia, and New Zealand.
The facility has now reached 30 billion packs annually.
Among the notable companies using Tetra Pak’s packaging in Malaysia are Fraser & Neave Holdings Bhd, Farm Fresh Bhd, and Nestle.
Additionally, Orive said that Tetra Pak has no intention of listing on any stock exchanges, including Bursa Malaysia.
He said Tetra Pak is privately owned company and intends to maintain its ownership structure.
“Being privately owned gives us a lot of strength. It gives us a possibility of investing long-term with our customers. This is an important part of who we are, which is a long-term view,” he told Bernama.
— Bernama
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