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Bangkok Glass, BG Container Glass and Singha acquired a combined 25.1% stake in Bangkok Can Manufacturing from Toyo Seikan in a deal valued at over THB 499 million.
BG Container Glass (BGC) in Thailand has approved an M&A investment plan covering two companies that make plastic films, caps, PET bottles, preforms and corrugated boxes, as part of a strategy to double revenue from 10,000 to 25,000 million baht by 2025. The plan will go to the annual shareholders meeting.
BG Container Glass, a subsidiary of Bangkok Glass, announced a Bt2 billion glass-container factory in Ratchaburi with daily capacity of 400 tonnes. The plant is due to start operations in the third quarter of 2018.