# PTTGC subsidiary takes 25% stake in SP Petpack unit to build Myanmar packaging factory

PTT Global Chemical's subsidiary Solution Creation Company agreed a joint venture with SP Petpack, taking a 25% share in SP Petpack Inter Group (Thai) for about Bt50 million to build a packaging factory in Myanmar.

- Type: Acquisition
- Announced: 2017-01-24
- Where: Myanmar, Myanmar (Burma)
- Value: $1.45M (50.0M THB)
- Status: announced
- Products: plastic packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [PTT Global Chemical](https://endata.com/companies/813.md) (investor)
- [Solution Creation Company](https://endata.com/companies/814.md) (investor)
- [SP Petpack](https://endata.com/companies/815.md) (partner)

## Sources

- [nationthailand.com](https://www.nationthailand.com/business/30304944), 2017-01-25: "SUN will hold a 25-per-cent share, under an investment of about Bt50 million, of SP Petpack Inter Group (Thai)"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.