SFLEX pushes into green packaging market in second half, driving full-year revenue past 2.2 billion baht

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Summary · why it matters

SFLEX is pressing ahead with its push into the eco-friendly packaging market in the second half of the year, focusing on mono-material products and adding product value to maintain profitability. Meanwhile, its joint venture Star Union Packaging has begun to see a recovery in orders after customers previously held back, coupled with rising orders from China and Vietnam. Chief Executive Officer Dr. Sompoch Wulyasaevi revealed that first-half performance showed outstanding growth, and full-year revenue is expected to exceed the target of 2.2 billion baht, with the share of eco-friendly packaging sales already rising from 10 percent to 20 percent.

Impact on stocks 1

Materials▲ · 1 stocks
Starflex Public Company Limited
SFLEX
▲ PositiveDemandrelevance

SFLEX is pushing into eco-friendly packaging, with orders recovering at its JV and rising from China and Vietnam, driving revenue past 2.2 billion baht.

Off-coverage companies 1

Star Union PackagingPrivate▲ Positive
Demandrelevance

Star Union Packaging sees recovery in orders after customers held back, plus rising orders from China and Vietnam.

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