PTT Global Chemical (GC) and SCG Chemicals (SCGC) agreed on October 29, 2026, to merge their Thai olefins and polyolefins businesses via an asset-for-share swap, with GC holding 56% and SCGC 44%. The new company will have combined assets of about 180 billion baht and annual olefins capacity of about 7.1 million tonnes. The transaction is expected to close in the second half of 2027.
SCG Packaging (SCGP) completed the acquisition of a 90% stake in VEM Thailand, a polymer injection molding maker in Rayong, through its Singapore subsidiary for up to Bt146.2 million (US$4m). The deal was announced on 1 July 2024.
Thai packaging company BGC Container Glass agreed to buy 100% of Prime Packaging, a Thai maker of flexible plastic packaging and film rolls, for 580 million baht funded by bank loans. The share purchase agreement was signed on 28 February 2023, and revenue is expected from Q2 2023.
SCG Chemicals, a unit of SCC, will subscribe to 40,560,773 new A.J. Plast shares, about 9.22%, at 17.15 baht per share, totaling roughly 696 million baht, in a private placement.
SCG's Packaging Business acquired an 80% stake in Visy Packaging (Thailand) from Visy Singapore Investments for about 4,341 million THB, adding thermoformed food packaging capacity.