SCGP closes deal to acquire 90% stake in JZF, a Chonburi corrugated box maker, for 68 million baht

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Summary · why it matters

SCG Packaging, or SCGP, has closed a deal to acquire a 90% stake in Jinjongfa Paper Industry Co., Ltd., or JZF, a paper packaging producer in Chonburi province, for 68 million baht. The investment will add 28,000 tonnes per year of production capacity, expand its customer base among Chinese customers and the fruit export market, improve cost and logistics management efficiency, and capture growth opportunities in the packaging business in the eastern region. SCGP will begin recognizing JZF's operating results in its consolidated financial statements from October 2026 onward. Wichan Jitpukdee, Chief Executive Officer of SCGP, said JZF is a corrugated paper box packaging producer that emphasizes efficient cost management, has a core customer base of operators in the fruit export market to China, and has a factory in Chonburi province, a strategic location close to customers in the eastern region. In 2025, JZF had revenue of 205 million baht, total assets of 240 million baht, and production capacity of 28,000 tonnes per year. The investment aligns with SCGP's strategic plan to expand its consumer goods packaging business in the ASEAN region, while creating synergies in operations, cost and trade management, and the sale of other related products and services. It also helps distribute existing fruit packaging orders to JZF to increase margins across the business group through cost management and reduced logistics expenses.

Impact on stocks 1

Materials▲ · 1 stocks
SCG Packaging Public Company Limited
SCGP
▲ PositiveCapitalrelevance

SCGP closed a 68-million-baht deal to acquire a 90% stake in JZF, adding 28,000 tonnes/year capacity and expanding its packaging business.

Off-coverage companies 1

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

JZF is being acquired by SCGP at a 90% stake for 68 million baht, bringing it into SCGP's consolidated financials from October 2026.

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