Thailand's SCGP Acquires Paper Packaging Plant for THB 68 Million, Adding 28,000 Tons of Annual Capacity

en.Wedoany.com Reported - On September 17, Thailand's SCG Packaging (SCGP) announced that it had completed the acquisition of a 90% stake in Jin Zhong Fa Paper Industrial Co., Ltd. in Chonburi Province, with a total investment of THB 68 million. Following the completion of the transaction, SCGP added 28,000 tons per year of corrugated paper packaging capacity and plans to consolidate the company's operating results into its consolidated financial statements starting from October 2026.

Jin Zhong Fa mainly produces corrugated cartons and related paper-based packaging products. Its factory is located in Chonburi Province in eastern Thailand, and its customers are mainly fruit exporters and local Chinese-funded enterprises. In 2025, the company achieved operating revenue of THB 205 million, total assets of THB 240 million, and its existing packaging capacity is 28,000 tons per year.

After completing the acquisition, SCGP will transfer part of its existing fruit packaging orders to the Jin Zhong Fa factory for production, while using the site to take on new packaging demand in eastern Thailand. The existing Jin Zhong Fa plant site also has room for subsequent expansion and can serve as a production base for SCGP to further increase paper packaging capacity in the eastern region.

Eastern Thailand is an area with a relatively high concentration of fruit exports, automobiles, electronics, and manufacturing. The Jin Zhong Fa factory is close to major customer groups and logistics nodes. SCGP plans to reduce cross-regional transportation costs through order reallocation and free up capacity at the group's other existing packaging plants to take on more new orders.

SCGP is currently continuing to expand its paper-based packaging business in Southeast Asia. In May of this year, the company announced an investment of THB 748 million in southern Vietnam to build a new corrugated paper packaging production base, scheduled to commence production in September 2027. With the acquisition of the Chonburi packaging plant, the company has added a ready-made production base in eastern Thailand, which, together with the new project in Vietnam, will expand its regional fiber packaging manufacturing capacity.