Rengo Acquires Shares in Corrugated Packaging Manufacturer in Thailand
Rengo Co., Ltd. announces that its joint venture in Thailand, Thai Containers Group Co., Ltd. (TCG), has approved an investment project to acquire 90% of the shares in Jin Zhong Fa Paper Industrial Co., Ltd., a corrugated packaging manufacturer in Thailand.
Jin Zhong Fa Paper Industrial is a corrugated packaging manufacturer with one corrugated plant located in Chonburi Province, in central Thailand.
Through TCG, the Rengo Group has 15 corrugated plants, three flexible packaging plants, and one heavy duty packaging plant in Thailand. Following this acquisition of shares, the Group now has 16 corrugated plants in total.
Rengo positions its corrugated packaging business in Southeast Asia, including Thailand, as an important strategic focus for the overseas operations of the Rengo Group as the General Packaging Industry (GPI), and we will continue to drive further enhancement of the business in the future.
Overview of Thai Containers Group Co., Ltd.
| Address | 1 Siam Cement Rd., Bang Sue, Bangkok 10800, Thailand |
|---|---|
| Shareholders | Rengo Co., Ltd. 30% SCG Packaging Public Company Limited 70% |
| Main business | Manufacturing and sales of corrugated packaging, folding cartons, and flexible packaging |
Overview of Jin Zhong Fa Paper Industrial Co., Ltd.
| Address | 149 Takhian Tia, Bang Lamung District, Chonburi 20150, Thailand |
|---|---|
| Shareholders | Thai Containers Group Co., Ltd. 90.0% Power Pillars Co., Ltd. 10.0% |
| Main business | Manufacturing and sales of corrugated packaging |