SCG Packaging, a subsidiary of Siam Cement Group, acquired the remaining 30% stake in Vietnamese rigid plastic packaging maker Duy Tan Plastics, becoming its sole shareholder. The transaction was valued at USD 108.6 million and was reported on 2025-06-12.
SCG Packaging invested VND 2,825 billion (about THB 3,727 million) to take a further 30% stake in Duy Tan JSC, raising its total shareholding to 100%.
Depak Company Limited received approval to raise its investment in a packaging factory at Bim Son Industrial Park, Thanh Hoa, from VND85 billion to VND394.2 billion (about $14.74 million). The plant will make carton packaging and plastic wood products, with operations expected 37 months after land handover.
Indorama Ventures completed its acquisition of Ngoc Nghia Industry Service Trading JSC, a Vietnamese PET preforms, bottles and closures producer with four plants and 76,000 tons annual PET conversion capacity.
SCG Packaging (SCGP) completed its 70% merger and partnership investment in Duy Tan Plastics Manufacturing Corporation, Vietnam's leading rigid plastic packaging producer, with total payments capped at 6,400 billion VND and consolidation from August 2021.
SCG Packaging plans to invest US$334 million in Vietnam as part of its expansion of packaging businesses, including the Duy Tan acquisition and paper production expansion in northern Vietnam.
SCG Packaging signed a contract with Duy Tan Plastics Manufacturing Corporation, Vietnam's leading rigid plastic packaging producer, on 9 February 2021 as part of its Vietnam expansion.
Thailand's SCG Packaging signed a share purchase agreement on February 9 to acquire a 70% stake in Duy Tan Plastics Manufacturing Corporation, Vietnam's top rigid plastic packaging producer, as part of a THB10 billion (US$334 million) investment in Vietnam.
Ngoc Nghia Industry commissioned Frigel Group to completely retrofit the cooling system of its Interpet PET preform plant in Tay Ninh province, replacing eight chillers and four cooling towers.
Thailand's SCG Packaging (SCGP) signed a share purchase agreement to acquire 100% of Go-Pak UK Limited, a foodservice packaging maker with its base in Vietnam, expected to close around December 2020 and add over THB 2,800 million in annual revenue.
SCG Chemicals and A.J. Plast will set up a joint venture in Vietnam to produce and distribute biaxially oriented film, with a total capital of 700 million baht, SCG Chemicals holding 45%.
An Phat Holdings plans to build a factory making compostable materials at Nam Dinh Vu Industrial Zone in Haiphong, designed for over 20,000 tonnes per year and slated for completion by end-2021.
Phu My Plastics Production JSC will use Honeywell UOP propane dehydrogenation technology to produce polymer-grade propylene at its plant in Vung Tau Province, Viet Nam, with expected output of 306,000 tonnes per year.
An Phat Plastic & Green Environment JSC signed a contract to supply thin film packaging worth VND 1.4 trillion (US$60 million) to an unnamed Japanese partner.
Constantia Flexibles Group is investing in new technology at its flexible packaging subsidiary in Vietnam to expand its product portfolio. The item is dated March 20, 2018.
South Korean Hyosung Group is awaiting Vietnamese prime minister approval to start construction of a $1.2 billion polypropylene manufacturing complex at Cai Mep Industrial Zone in Ba Ria-Vung Tau. The first stage includes an LPG storage tank and a PP plant with 600,000 tonnes per year capacity.