SCGP has acquired a 90% stake in Jinjongfa Paper Industry Co., Ltd., or JZF, a manufacturer of corrugated paper box packaging in Chonburi province, for a total investment of 68 million baht. The investment will add 28,000 tonnes per year of production capacity, expand its customer base among fruit exporters shipping to the Chinese market, and improve cost management and logistics efficiency to capture growth opportunities in the packaging business in the eastern region. Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited, or SCGP, said the investment aligns with the company's strategic plan to expand its packaging business for consumer goods in the ASEAN region and will further strengthen SCGP's market position and competitiveness. In 2025, JZF recorded revenue of 205 million baht, total assets of 240 million baht, and production capacity of 28,000 tonnes per year. SCGP will begin recognising JZF's operating results in its consolidated financial statements from October 2026 onwards.
SCG Packaging Public Company LimitedSCGP acquires 90% of JZF for 68 million baht, adding 28,000 tonnes/year capacity and expanding its packaging business.
JZF is acquired by SCGP, which takes a 90% stake for 68 million baht and will consolidate its results from October 2026.
