# Starflex and Thai Union Graphic form joint venture to build flexible packaging factory

Starflex PCL and Thai Union Graphic signed an MOU for a joint venture with registered capital of THB 250 million, with Starflex holding 51% and Thai Union Graphic 49%, initially to build a factory producing flexible packaging mainly for food.

- Type: Partnership
- Announced: 2021-09-30
- Where: Thailand
- Value: $7.60M (250.0M THB)
- Status: announced
- Products: flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Starflex](https://endata.com/companies/8440.md) (partner)
- [Thai Union Graphic](https://endata.com/companies/8441.md) (partner)
- [Thai Union Group](https://endata.com/companies/8442.md) (partner)

## Sources

- [thaiunion.com](https://www.thaiunion.com/en/newsroom/press-release/1453/starflex-and-thai-union-to-establish-a-new-joint-venture), 2021-09-30: "The new company will be registered with a capital of THB 250 million and Starflex and Thai Union Graphic will each hold 51 percent and 49 percent of ordinary shares respectively."

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