SCGP targets 10% revenue growth a year

SCG Packaging Plc (SCGP) expects its total revenue to grow to 180 billion baht within 2027, thanks to merger and partnership (M&P) deals as well as business expansion projects.

This year, the company is confident its revenue will increase to 140 billion baht, said Wichan Jitpukdee, chief executive of SCGP, expecting a 10% growth in revenue per year.

In 2021, SCGP generated 124.2 billion baht in revenue, an increase of 34% from 2020. The net profit was recorded at 8.29 billion baht, an increase of 28% from 2020.

SCGP has allocated 100 billion baht as investment budget, with around 20 billion baht to be spent per year.

“We plan to spend the budget on M&P deals, business expansion and maintenance projects,” said Mr Wichan.

The company will focus on businesses with innovations in foreign countries for its M&P plan.

Mr Wichan said M&P will be a key factor to drive…