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September 17, 2013

Rengo Acquires Shares in Corrugated Packaging Manufacturer
in Indonesia

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka, President & CEO: Kiyoshi Otsubo) announces that Thai Containers Group Co., Ltd. (TCG), a joint venture between Rengo and SCG Paper Public Company Limited (a subsidiary of The Siam Cement Public Company Ltd.) has completed the acquisition of a 90% stake in PT Primacorr Mandiri, which operates a plant in the suburbs of Jakarta.

Combining the four existing plants operated by PT Surya Rengo Containers (SRC), a joint venture between PT Indofood CBP Sukses Makmur and Rengo, the annual production capacity in Indonesia will increase to 228,000 tons, enabling TCG and SRC to capture the ever-growing demands in Indonesia.

Further growth of corrugated demand in Indonesia can be expected as many Japanese companies choose the country as their manufacturing base in ASEAN region, and as national income increases. Corrugated packaging in Southeast Asia is an important strategic focus for the overseas business of the Rengo Group—which aims to be a “General Packaging Industry” (GPI)—and Rengo will work to further enhance its corrugated packaging supply system within the region.

 

Overview of Acquiring Company

Thai Containers Group Co., Ltd. (TCG)

Address 1 Siam Cement Road, Bangsue, Bangkok 10800, Thailand
Representative

Poramate Larnroongroj

Shareholders Rengo Co., Ltd. 30%
SCG Paper Public Limited Company 70%
Main business Manufacture and sale of corrugated packaging

 

Company to Be Acquired by TCG

PT Primacorr Mandiri

Address Jl. Raya Serang Km13, 8 Cikupa, Tangerang 15710, Indonesia
Representative

William James Suparno

Main business Manufacture and sale of corrugated packaging

●The Rengo Group’s corrugated packaging and containerboard business locations overseas

The Rengo Group’s corrugated packaging and containerboard business locations overseas