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April 24, 2017

Rengo Acquires Shares in Manufacturer of Corrugated Packaging 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 Packaging Public Company Limited (a subsidiary of The Siam Cement Public Company Ltd.), has completed the acquisition of an 80% stake in PT Indocorr Packaging Cikarang, a manufacturer of corrugated packaging which operates in eastern Jakarta.

In Indonesia, the Rengo Group also acquired PT Primacorr Mandiri in September 2013 and PT Indoris Printingdo in December 2014 through TCG. With this acquisition, Rengo Group’s distribution operations for corrugated packaging and folding cartons will increase to seven in Indonesia, including four existing plants operated by PT Surya Rengo Containers (SRC).

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 Co., Ltd.

Address

1 Siam Cement Rd., Bangsue, Bangkok 10800, Thailand

Representative Poramate Larnroongroj
Shareholders Rengo Co., Ltd. 30%
SCG Packaging Public Limited Company 70%
Main business Manufacturing and sales of corrugated board and boxes, folding cartons,
and flexible packaging

Overview of PT Indocorr Packaging Cikarang

Address

Kawasan Industri Jababeka Cikarang
Jl. Industri Selatan 2, Block LL.3,
Desa Pasirsari, Kecamatan Cikarang Selatan, Bekasi 17550, Indonesia

Representative Gunadi Stiawan
Shareholders Thai Containers Group 80%
Gunadi Stiawan 20%
Main business Manufacturing and sales of corrugated packaging
Net Sales 132 billion Indonesian Rupiah (2015 actual results)