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SCGP and SFLEX Invest in Starprint Vietnam: A Strategic Move in Packaging Industry Expansions

Miti Stock – Mr revealed. Wichan Jitpakdee, CEO of SCG Packaging Public Company Limited or SCGP, that the company has purchased 70% of shares in Starprint Vietnam JSC (“SPV”), holding shares through SCGP Solutions (Singapore) Pte. Ltd., a subsidiary In entering into the above transactions, the payments totaled VND 676.08 billion. (equivalent to approximately 987.07 million baht)

Meanwhile, the board of directors of Starflex Public Company Limited or SFLEX has approved investing in 25% of Starprint Vietnam JSC (“SPV”), holding shares through SFLEX Investment Pte. Ltd., a subsidiary. and made a total investment payment of 241.46 billion Vietnamese dong. (equivalent to approximately 352.53 million baht)

“SPV” is a leading company in the field of folding packaging box production in Vietnam. which has the capacity to produce 16,500 tonnes of offset printing packaging per year and 8 million fixed packaging boxes per year. Its two production centers are located in Long Binh Industrial Park (Amata) in Dong Nai Province, southern Vietnam.

In addition, “SPV” still has a majority customer base of nationally and globally recognized companies in the fast growing consumer products market.

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