Thailand packaging company inks partnership in Vietnam | International

The latest move is the signing of a share purchase agreement on February 9 to acquire a 70 percent stake in the Duy Tan Plastics Manufacturing Corporation, Vietnam’s top producer of rigid plastic packaging products, according to its letter sent to the Stock Exchange of Thailand.

The purchase will be made through the SCGP’s wholly-owned subsidiary and further transaction details will be provided in the middle of this year.

SCGP chief executive Wichan Jitpukdee said SCGP has constantly increased investment in Vietnam, which has yielded a revenue growth of more than 10 percent annually.

“SCGP is prepared to work with all partners to share experience and knowledge in the development of integrated packaging solutions and support the growing demand for diverse types of packaging among customers in ASEAN,” Wichan was quoted by the Bangkok Post as saying.

Duy Tan operates…