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July 6, 2011

Acquiring Vietnamese Corrugated Plants Completed

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka; President & CEO: Kiyoshi Otsubo) announces that Thai Containers Group Co., Ltd. (“TCG”), 30% owned by Rengo, has completed the acquisition of three group companies on July 5 that are part of Alcamax Packaging (Vietnam) Joint Stock Company (“Alcamax”), a corrugated box manufacturer in Vietnam.

This acquisition is based on the Share Transfer Agreement concluded by TCG with Malaysian company Golden Frontier Bhd, the former owner of Alcamax, on January 18, 2011. As a result of this acquisition, monthly corrugated packaging production capacity of the Rengo Group in Vietnam will be increased from 7.0 million m2 to 14.5 million m2. Rengo has enhanced its corrugated supply network through business locations in Ho Chi Minh City as well as in Hanoi.

With containerboard, corrugated boxes and heavy duty packaging, we can anticipate continued development of our packaging business in Vietnam, which is experiencing remarkable economic growth and a critical country for the overseas strategy of the Rengo Group.

Business Locations in Vietnam

1. Vina Kraft Paper Co., Ltd. / Ho Chi Minh City
Business scope: Manufacturing and sales of containerboard
(linerboard and corrugating medium)
2. AP Packaging (Hanoi) Co., Ltd. / Hanoi
Business scope: Manufacturing and sales of corrugated boards and boxes
3. New Asia Industries Co., Ltd. / Ho Chi Minh City
Business scope: Manufacturing and sales of corrugated boards and boxes
4. Alcamax Packaging (Vietnam) Joint Stock Company / Ho Chi Minh City
Business scope: Manufacturing and sales of corrugated boards and boxes
5. Packamex (Vietnam) Co., Ltd. / Ho Chi Minh City
Business scope: Manufacturing and sales of corrugated boxes
6. Matai (Vietnam) Co., Ltd. / Ho Chi Minh City
Business scope: Manufacturing of polypropylene (PP) cloth sheets and PP container bags

 

Business Locations in Vietnam