SCGP has acquired a 90% stake in Jinjongfa Paper Industry Co., Ltd., or JZF, a corrugated cardboard packaging manufacturer in Chonburi province, for a total investment of 68 million baht. Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited, or SCGP, said the investment will add 28,000 tonnes per year of production capacity, expand the customer base among Chinese clients and the fruit export market, improve cost and logistics management efficiency, and capture growth opportunities in the packaging business in the eastern region. 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 onward. The investment aligns with SCGP's strategic plan to expand its consumer goods packaging business in the ASEAN region through operational synergies, cost and trade management, sales of other related products and services, and the allocation of fruit packaging orders to JZF to raise profit margins across the business group.
SCG Packaging Public Company LimitedSCGP acquires 90% of JZF for 68 million baht, adding 28,000 tonnes/year capacity and consolidating JZF results from October 2026.
JZF sells a 90% stake to SCGP for 68 million baht, gaining a parent that will allocate fruit packaging orders to it.
