Japan-based Rengo’s overseas joint venture company Thai Containers Group has signed an agreement to acquire 72% of shares in Thai manufacturer of corrugated packaging, Tawana Container.
The acquisition is set to expand the corrugated packaging production bases of Thai Containers Group in Thailand to 11 plants and increase the corrugated board production capacity annually to 703,000t from 642,000t, wood.lesprom.com reported.
The acquisition will also strengthen Rengo Group's corrugated packaging supply structure.
Rengo plans to further improve its corrugated packaging supply system in Thailand, where the demand is expected to grow.
Source:
http://paperandcards.packaging-business-review.com/news/rengo-to-acquire-shares-in-tawana-container-100412
