November 29, 2017
Related entity identifies major growth opportunities in Southeast Asia in the value-added flexible packaging market.
Privately-owned, Texas-based Accredo Packaging, Inc., a fully integrated flexible packaging manufacturer primarily supplying the Consumer Packaged Goods (CPG) markets in North America, is pleased to recognize the ground breaking of an affiliate plant in Bình Dương Province, outside Ho Chi Minh City, Vietnam. The groundbreaking ceremony for Accredo Asia Co. Ltd., d/b/a Accredo Asia Packaging, took place on September 21st, 2017, and featured company founders, local government and business leaders, and the general contractor.
Accredo Packaging Inc. and Accredo Asia Packaging are part of the API Group of Companies, a leader in the flexible packaging industry. The API Group was founded over thirty years ago in 1986.
Executive Vice President of Accredo Packaging, Inc., Rex Varn, said that “A growing number of multinational CPG corporations have located their manufacturing base in Southeast Asia and source their packaging needs locally. Through its investment in cutting-edge technology, Accredo Asia is well positioned to participate in the incredible ongoing growth of the flexible packaging industry in Southeast Asia. Our world-class converting capabilities incorporate all aspects of packaging production, from design and materials R&D to extrusion, printing, lamination and pouch manufacturing.”
Vietnam is viewed as an ideal location in view of its burgeoning economy and highly skilled labor force, and is considered favorably located to service supply-chain routes in and around Southeast Asia.
With its new MDO blown film technologies, Accredo Asia will be equipped to produce and supply technologically advanced flexible packaging for the pre-packaged and consumer product markets in the region.
Accredo Asia’s offerings will include not only flexible packaging products but also specialized products such as breathable films for end uses such as diapers, feminine hygiene products, drapes and gowns for medical use, as well as industrial protective apparel and other applications. “Accredo Asia’s production lines will incorporate the latest blown film extrusion technologies coupled with inline stretching [MDO] capabilities”, said Varn. Branded AccredoFlex® Breathe-Lite™, these breathable films provide lower weight per square foot, lower raw material usage, and improved mechanical properties over cast film extrusion.
Accredo Asia will differentiate itself not only with state-of-the-art manufacturing technology, but also through product quality and customer service, a critical component to the company’s underlying success in the United States.
Phase 1 construction of the 236,000 ft.2 Accredo Asia plant, designed for compliance with LEED® standards, is targeted to be complete Q2-2018, with full plant commercialization in Q4-2018.
About Accredo Packaging, Inc.
LEED Silver certified Accredo Packaging, Inc. is a fully integrated converting company producing flexible packaging with an emphasis on sustainability, with best in class production processes, primarily targeting the Consumer Packaged Goods (CPG) markets in North America. A Certified Minority Business Enterprise, Accredo utilizes electricity generated via wind power. It attributes its growing success to investment in leading edge technologies, including state-of-the-art extrusion, HD flexographic printing, adhesive lamination, pouch and bag making in terms of reduced environmental impact, high quality, and world-class productivity.