SCG

Thailand's SCG Packaging announced an 11.8 billion baht expansion in packaging paper in Vietnam through joint venture Vina Kraft Paper, building a new facility in Vinh Phuc to start in early 2024.

TCG Solutions, a subsidiary of Thailand's SCG, registered to buy over 12 million shares (94.11%) of Vietnamese carton packaging maker Bao bi Bien Hoa, valued at about 978 billion VND. Transactions are expected between December 16 and 31, 2020.

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.

United Pulp and Paper (UPPC), a subsidiary of SCG Thailand, plans to invest 8.5 billion Philippine pesos (about $165 million) in a new corrugated paper machine with 220,000 tons annual capacity in Calumpit, Bulacan, scheduled for production in November 2020.

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 acquired an 80% stake in PT Indocorr Packaging Cikarang for a transaction value of Rp 145 billion, expanding its ASEAN corrugated container capacity to 1,045,000 tons per year.