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December 18, 2014

Rengo Acquires Shares in Manufacturer of Corrugated Packaging and Folding Cartons in Indonesia

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka, Chairman, 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 Indoris Printingdo, a manufacturer of corrugated packaging and folding cartons which operates outside of downtown Jakarta.

With the acquisition of PT Primacorr Mandiri last September through TCG, and the network of four existing plants operated by PT Surya Rengo Containers (SRC), the distribution for corrugated packaging and folding cartons will increase to six in Indonesia.

The corrugated packaging business in Southeast Asia is an important strategic focus for the overseas operations of the Rengo Group, a “General Packaging Industry” (GPI), and Rengo will work to further enhance its corrugated packaging supply system within the region.

 

Overview of Thai Containers Group

Thai Containers Group Co., Ltd.
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 Manufacturing and sales of corrugated board and boxes

 

Overview of PT Indoris Printingdo

PT Indoris Printingdo
Address Jl. Raya Serang Km 18.5, Jakarta 12950, Indonesia
Representative

Bunn Ramlan Lee, Julita Lukman

Main business Manufacturing and sales of corrugated packaging and folding cartons
Net Sales 53.5 billion Indonesian Rupiah (2013 actual result)