Korea Package Signs Long-Term Supply Deal with Lamipak, Targets Aseptic Carton Market

Korea Package has signed a long-term supply agreement with Lamipak.

According to Korea Package on November 9, the company signed a five-year long-term supply agreement at Lamipak's headquarters in Kunshan, China, last month, securing exclusive rights to import and sell Lamipak's aseptic carton products in Korea. The contract period may be extended by mutual agreement between the two companies.

Korea Package is expanding its product portfolio by adding aseptic cartons, a high-growth segment, to its business foundation as the market leader in Korea's pasteurized carton market and its existing export channels in Japan and Southeast Asia. The company plans to offset the growth limitations of its business structure, which is centered on pasteurized cartons, while securing a medium- to long-term growth driver by entering a new market.

Lamipak is a specialist in aseptic paper packaging, with large-scale production capacity and a global supply network. It also offers packaging-related solutions, including “One Pack One Code” technology to enhance product traceability and eco-friendly material technology designed to reduce carbon emissions. Building on Lamipak's reliable supply capabilities and technological competitiveness, Korea Package plans to meet a range of customer needs and strengthen its ability to respond to demand for eco-friendly packaging.

Korea Package is diversifying its product portfolio by entering the aseptic carton business. It will use its existing customer base in Korea, built through its pasteurized carton business, to expand into the aseptic carton market. It also plans to expand the sales base for new products by linking them with existing overseas channels in Japan and Southeast Asia, supporting medium- to long-term growth.

A Korea Package representative said, “The long-term exclusive agreement with Lamipak, which has world-class production capabilities and technology, will mark an important turning point as Korea Package expands its business structure beyond pasteurized cartons into aseptic cartons. We will use our customer network and sales competitiveness to establish a stable presence in Korea's aseptic carton market and secure new growth drivers by diversifying our product portfolio.”

This content was produced with the assistance of AI translation services.