November 29, 2017

API Group Affiliate identifies major growth opportunities in Southeast Asia in the value-added flexible packaging market.

Ground breaking Asia

Privately-owned Accredo Asia Co. Ltd., d/b/a Accredo Asia Packaging, a fully integrated flexible packaging manufacturer primarily supplying the Consumer Packaged Goods (CPG) markets, is pleased to announce the ground breaking of its greenfield facility in Southeast Asia, in Bình Dương Province, outside Ho Chi Minh City, Vietnam. The groundbreaking ceremony took place on September 21st, featuring company founders, local government and business leaders, and the general contractor.

Accredo Asia Packaging is affiliated with Texas based Accredo Packaging, Inc., both members of the API Group of Companies, a leader in the flexible packaging industry. The API Group traces its origin back over thirty years, with the establishment of Advance Polybag, Inc. 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 has long been viewed as an ideal location considering its burgeoning economy and highly skilled labor force, as well as its strategic location as it relates to markets and service supply-chain routes in and around Southeast Asia.

Incorporating the latest in 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-use applications 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”, says Varn. Branded AccredoFlex® Breathe-LiteTM, 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 Asia Packaging
Accredo Asia Packaging, an affiliate of Accredo Packaging Inc. based in Texas, USA, 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 Southeast Asia. The Accredo companies attribute their 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.