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Rengo's joint venture Thai Containers Group has approved an investment project to acquire 90% of Jin Zhong Fa Paper Industrial, a corrugated packaging manufacturer with one plant in Chonburi Province, Thailand. The deal brings Rengo's Thai corrugated plant count to 16.
SCG Packaging completed the purchase of 100% of PT Prokemas Adhikari Kreasi (MYPAK), a corrugated containers producer in Bekasi, West Java, for IDR 467 billion (about THB 981 million), with 144,000 tons annual capacity.
Rengo's joint venture Thai Containers Group agreed a conditional share purchase of 60% of PT Prokemas Adhikari Kreasi (Mypak), an Indonesian corrugated packaging maker with one factory in Bekasi Regency, Java. The deal is due to close by the end of 2025 and will take Rengo's Indonesian factories to 12.
Valmet will supply a Valmet IQ quality control system for a corrugator at Thai Containers Group's corrugated containers plant in Rayong, Thailand, to reduce warped board and waste. Delivery is due in Q4 2024 with start-up in Q1 2025.
Valmet will supply an IQ quality control system for a corrugator to Thai Containers Group's corrugated containers plant in Rayong, Thailand, with delivery in Q4 2024 and start-up in Q1 2025. The order value was not disclosed.
SCG Packaging completed the 75% share acquisition of Intan Group, an Indonesian corrugated container producer, on August 13, 2021, for 822 billion rupiah upfront through a joint venture with Rengo.
Rengo's joint venture Thai Containers Group acquired 94.11% of Bien Hoa Packaging, a listed Vietnamese corrugated packaging and folding carton maker near Ho Chi Minh City. After the deal Rengo will have six corrugated and two folding carton plants in Vietnam.
Rengo's Thai joint venture Thai Containers Group, through subsidiary TCG Solutions, acquired 94.11% of Bien Hoa Packaging, a corrugated cardboard and paper packaging maker near Ho Chi Minh City, Vietnam. The deal was announced on December 23.
Electronics For Imaging and Thai Containers Group, a subsidiary of SCG's packaging business, announced a digital printing partnership in which TCG purchased an EFI Nozomi C18000 inkjet corrugated packaging press. It will be the first EFI Nozomi installation in Asia.
SCG-backed Thai Containers Group acquired the remaining 25% stake in packaging firms for $8.4 million. The announcement was reported on February 1, 2018.
Thai Containers Group, a joint venture of Rengo and SCG Packaging, completed the acquisition of an 80% stake in PT Indocorr Packaging Cikarang, a corrugated packaging maker in eastern Jakarta, Indonesia.
