ASEAN Leading Conglomerate, SCG announced its first strategic entry to paper and packaging industry in Indonesia. Today, SCG Paper's subsidiary, Thai Containers Group (TCG), has acquired 90% stake on PT Primacorr Mandiri- a producer of corrugated containers in Indonesia. This latest investment to packaging chain business is in line with SCG's vision to become an ASEAN sustainable business leader.

Mr. Kan Trakulhoon, President and CEO of SCG said, "SCG Paper focuses on two strategic chains, Packaging Chain and Fibrous Chain. This investment in Primacorr by TCG is part of the expansion in the Packaging Chain, and is SCG's first strategic entry into the Indonesian packaging market, which is expected to grow rapidly, driven by both local consumption and foreign investments."

With this latest investment, TCG's total production capacity will increase from the existing 976,000 tons per year to 1,013,000 tons per year from the production base in ASEAN including Thailand, Malaysia, Singapore, Vietnam, and Indonesia.

About SCG

SCG, one of the leading conglomerates in the ASEAN region, comprises three core businesses: SCG Cement-Building Materials, SCG Chemicals, and SCG Paper. With more than 200 companies under its umbrella and approximately 43,000 employees, SCG creates and distributes innovative products and services that respond to the current and future needs of consumers.

SCG began business operation in Indonesia since 1995 and gradually expand investment in diversified businesses such as PVC, ceramic tiles, and join venture with partner in building materials business. Today, SCG has more than 5,700 employees in Indonesia and total of 21 companies in many industries including cement and building materials, chemicals, and paper.



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