Japan’s Showa Aluminium Can Corporation (SAC) has just announced that it will start producing cans in Vietnam at the end of December. SAC and its parent company Showa Denko (SDK) have acquired 91.75% of the Vietnamese aluminium can producer Hanacans Joint Stock Company (Hanacans).
By becoming the majority shareholder, SDK has been gradually incorporating advanced manufacturing technology and modernized quality control procedures at Hanacans’ plants, as well as increasing the plants’ manufacturing capacity. As a result, Hanacans Joint Stock Company has been steadily achieving an increasing market share of the aluminum beer can market in Vietnam.
In fact, the aluminium can market in the Vietnamese country has registered a remarkable expansion, which translates into an increase of ten percent per year due to population growth as well as the increase in living standards.
The company sees this as a business opportunity to be seized and intends to capitalize on the market in the Asian country through a stable and fast supply of aluminum can products needed in the domestic market.
The soft drink market in Southeast Asia has shifted towards a ‘fancy can’ model, which contains the same 330 ml as regular cans, but is slightly narrower and significantly taller.
