SCGP buys 90% stake in Chonburi carton plant for 68 million baht, to recognise revenue from October 2026

M&A · PartnershipCorporate Action
โดย Prachachat·TH·Read original
Summary · why it matters

SCGP is investing 68 million baht to acquire a 90% stake in Jinjongfa Paper Industry Co., Ltd., or JZF, a corrugated carton manufacturer in Chonburi province, through Siam Packaging Group Co., Ltd., or TCG, a joint venture between SCGP and Japan's Rengo Company Limited in a 70:30 ratio. SCGP will begin recognising JZF's operating results in its consolidated financial statements from October 2026 onward. JZF's main customers are fruit exporters to China; in 2025 it recorded revenue of 205 million baht, assets of 240 million baht, and production capacity of 28,000 tonnes per year. The investment is equivalent to 0.04% of SCGP's total assets under its consolidated financial statements as of 30 June 2026, and does not constitute a material or connected transaction. Wichan Jitpukdee, Chief Executive Officer of SCGP, said the investment aligns with the strategy of expanding the consumer packaging business in the ASEAN region and will help improve operational efficiency, cost management, and the distribution of fruit packaging orders to JZF to raise capacity utilisation and reduce transport costs.

Impact on stocks 2

Materials▲ · 2 stocks
Rengo Co., Ltd.
3941
± MixedCapitalrelevance

Rengo is the 30% JV partner in TCG, the vehicle making the acquisition, but the article gives no independent impact on Rengo.

Off-coverage companies 2

Jin Jong Fa Paper Industry Co., Ltd. (JZF)Private▲ Positive
Capitalrelevance

JZF is the acquisition target, with SCGP buying a 90% stake and planning to channel fruit packaging orders to it.

Thai Credit Guarantee CorporationPrivate± Mixed
relevance

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