MOSCOW (MRC) -- SCG Packaging (SCGP) is expanding is food packaging business by acquiring Go-Pak, a leading food packaging provider in the UK, European and North America with production based in Vietnam, said Nationthailand.
This deal will help SCGP expand its customer base in the food service sector, retail and wholesale businesses, restaurants and fast-food restaurants in the UK, Europe and North America, as well as help expand its market base in Asean.Wichan Jitpukdee, SCGP’s chief executive officer, said the company is expanding its food packaging business in line with rising demands.
SCGP has a manufacturing base in Thailand and has been producing foodservice packaging products such as paper straws under the Fest brand in response to demands for safe and eco-friendly food packaging.In 2018, it expanded its production base to Malaysia buy acquiring shares of Interpress Printers Sendirian Berhad (IPSB), a leading producer of food packaging made from paper.
IPSB supplies packaging solutions to restaurants and fast-food companies in Asia.With lifestyles changing due to the Covid-19 outbreak, consumers are more inclined towards taking meals home or to the office or getting food delivered. And this trend is giving the food packaging industry reason to expand.
As MRC informed earlier, Dow and SCG has recently signed a collaboration agreement to develop new complete recycling solutions to add value to plastic waste and prevent them from ending up in the environment. This agreement is an attempt to create a circular economy for plastic in Thailand.
According to MRC's DataScope report, PE imports to Russia decreased in January-November 2020 by 17% year on year and reached 569,900 tonnes. High density polyethylene (HDPE) accounted for the greatest reduction in imports. At the same time, PP imports into Russia increased by 21% year on year to about 202,000 tonnes in the first eleven months of 2020. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
SCGP is a unit of Thai conglomerate Siam Cement.
MRC