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News SET announced SCGP certification in 2021 Thailand Sustainability Investment (THSI) list Loading Data… The Stock Exchange of Thailand (SET) announced that SCGP is one of the Thailand Sustainability Investment (THSI) list of 2021. The announcement reaffirms SCGP’s continual commitment to sustainable business operation under the Environmental, Social, and Governance (ESG) principles, suggesting that SCGP has readiness and good risk management practices, is adaptive and competitive with its business and social innovations, and place importance on taking care of stakeholders as well as communities and society. The 2021 list contains 146 listed companies, up from 124 in the previous year. These companies in THSI list had the market value of THB 12.48 trillion, as of 30th September 2021, representing 66 percent of the combined SET and mai market capitalizations. Getting to know Thailand Sustainability Investment (THSI) and creating sustainable investment opportunities in the capital market The Stock Exchange of Thailand (SET) has launched the 2021 Thailand Sustainability Investment (THSI) list since 2015, which contains Thai listed companies that adhere to the Environmental, Social, and Governance (ESG) principles. These listed companies are selected based on their responses to the sustainability assessment questionnaires with categories of indicators covering the issues that interest local and international investors. The Sustainable Investment Committee, consisting of experts and agencies in the capital market, determines the transparent selection processes. Stocks of the listed companies in THIS list are from the companies with sustainability potential in their business operation. They are adaptive to changes and have prepared for emerging risks with clear directions and precise management practices, which reflects their ability to create business opportunities and readiness to cope with global trends. This bring confidence to investors who are interested in sustainable investment Related Contents Loading Data…

News SCGP partners up with Krungsri to reaffirm its ESG policy Signing of the Sustainability-Linked Loan Loading Data… SCG Packaging Public Company Limited (SCGP), a leading regional packaging solutions provider aiming to propel sustainable operations, recently sealed long-term support of its first 4-year Sustainability-Linked Loan (SLL) worth a total of THB 5 billion, with Krungsri. The success of this SLL issuance emphasizes both organizations’ ESG mission as the country’s sustainability leaders, and it is an important step for integrating cooperation leading to solid growth in ASEAN. Because of its experience and expertise in sustainability-linked financial products, Krungsri has been appointed as sustainability coordinator aside from acting as the sole lender of this loan. The structure of interest rates for SLL is associated with the Sustainability Performance Targets (SPTs), where the Bank will adjust down the interest rate annually if the company can achieve the specified sustainability goals. Mr. Danaidej Ketsuwan, Chief Financial Officer, SCG Packaging Public Company Limited, SCGP, stated, “SCGP has always prioritized sustainability in business operation, along with Circular Economy principle to optimize natural resources. It is a good opportunity that Krungsri, our important business and financial partner, has shared the same goal to encourage sustainable business. We are delighted to receive the support on this Sustainability-Linked Loan or SLL, which requires the achievement of criteria on ESG and KPIs as agreed to grant the loan approval. SCGP receives SLL support from Krungsri, with the total loan amount of THB 5 billion for a term of four years. The structure of loan interest rates is associated with the Sustainability Performance Targets (SPTs) where the rates will be adjusted down in line with operational achievements of sustainability goals. The three SPTs include; reducing greenhouse gas emissions according to the set target, managing water resources by reducing the use of water from external sources, and increasing sales portion of eco-friendly goods and services with a SCG Green Choice label. SCGP is the first packaging solutions provider in ASEAN who received the Sustainability-Linked Loan. This SLL demonstrates that sustainability can increase business opportunities, and it is an important milestone to make our business thriving and sustainable in ASEAN. Mr. Pornsanong Tuchinda, Krungsri Head of Commercial Banking, said, “Krungsri remains committed to becoming a trusted banking partner for our corporate customers, as well as adhering to the Environmental, Social, and Governance (ESG) principles. We continue to develop financial products for ESG-related businesses, particularly Sustainability-Linked Loan (SLL), as an alternative for our commercial banking customers through the synergy between MUFG’s expertise and network together with Krungsri’s unique strengths. This SLL is an extension of environmental cooperation with SCGP, and Krungsri firmly believes in SCGP’s strengths in finance and ongoing ESG business operation in which SCGP is considered Thailand’s and the region’s leader in sustainability. We provide this SLL as another solution to create added value for our customer and support them in propelling the sustainable business to bring about change for consumers and industries according to its goals. Moreover, this cooperation will be another important step to expand SCGP’s business in ASEAN, which is in line with Krungsri’s goal to connect customers’ needs across ASEAN and help them grow, with the strong supports from Krungsri and MUFG regional networks.” Related Contents Loading Data…

News SCGP investing in new production base in Northern Vietnam Boosting integrated operations to meet growing packaging demands in ASEAN Loading Data… SCGP is moving ahead with an expansion plan to create a new production complex in the north of Vietnam and establish a packaging paper production base within the complex with a total investment of over 11,793 million baht. Commercial start-up is expected early 2024, to integrate SCGP’s operations in Vietnam and meet challenges of the steadily growing packaging market. Mr.Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited, SCGP says:“SCGP has launched a growth strategy in ASEAN, especially in Vietnam with its high growth potential.Since 2009 we have launched a strategic investment plan there by establishing packaging paper production based in the south of Vietnam through Vina Kraft Paper Company Limited (VKPC).Based in Bin Duong, the gateway to Ho Chi Minh City, the company is a 70:30 joint venture between SCGP and Rengo Company Limited (Japan).In 2016, VKPC doubled its original capacity in response to growing demands for packaging products in the region.” “Moreover, SCGP has expanded our businesses by investing in various packaging operations in Vietnam, including packaging paper, fiber-based packaging, foodservice packaging, performance and polymer packaging.”Vietnam has strong domestic consumption and is an important export base in the region, a big draw for multinational companies to invest their operations there, especially to the northern part of the country. The demand of packaging paper and related packaging products in Vietnam is expected to increase at approximately 6-7% per year during 2021-2024 (source: Frost & Sullivan). In order to grow alongside other industries inside Vietnam and to meet increasing demands for packaging products, SCGP has decided to expand through Vina Kraft Paper by building a new major complex in Vinh Phuc; a strategically important area in the northern part of the country, as well as adding packaging paper production facilities to boost capacity by about 370,000 tons a year. The total investment amounts to 8,133 billion VND (approximately 11,793 million baht) inclusive of the project’s machinery, civil work, land, financial cost, working capital of state-of-the-art packaging paper production technology and infrastructures. The investment is currentlyunder Environmental Impact Assessment (EIA) process. We expect the plan to be completed and commercial production to begin in early 2024, and result in VKPC’s total packaging paper capacity of 870,000 tons per annum which will complement our expansion plan and boost our competitiveness for the future. “SCGP has steadily invested in Vietnam with an expectation that our 2021 pro-forma annual revenue from sales will exceed 15,000 million baht (including the revenue from recent merger and partnership deals, which has been reported to the SET). Driven by SCGP’s existing business model in Vietnam consists of broad horizontal offerings and deep vertical integration primarily located in the south of Vietnam, our new investment in this production complex will allow us to pursue growth opportunities in the north of Vietnam and the south of China.This new strategic complex will enable potential synergies among SCGP’s various businesses in terms of production efficiency and development of integrated packaging solutions, and help us meet the increasing demands for packaging products in the region.” concludes Mr. Wichan. Related Contents Loading Data…

News Visy Packaging Thailand in SCGP acquires ISCC PLUS certificate An assurance of world-classsustainable development Loading Data… Visy Packaging (Thailand) Co., Ltd. in SCGP, complies with the requirements of ISCC PLUS from International Sustainability and Carbon Certification or ISCC, which is applicable worldwide to certify organizations with superior carbon and sustainability management throughout the supply chain. The company is certified as Converter : manufacturing of rigid plastic food packaging operating under the principle of Circular Economy, using recycled plastic pellets as raw material as well as having a clear and transparent system to control every step of production covering processes from acquisition, accepting and storing of raw materials, quantity control, to sales and delivery. The certification ensures that products from Visy Packaging Thailand contain recycled raw materials and meet high standards of production and traceability in accordance with the chain of custody of mass balance, and have achieved the level of high quality that meets customers’ expectations for food packaging. With this certificate, Visy Packaging Thailand will be able to respond even better to the customers who are keen to adopt Circular Economy for their supply chain. Related Contents Loading Data…

Ho Chi Minh City, September 06, 2021 – SCGP, a leading multinational consumer packaging solutions provider, in collaboration with SCG, Bien Hoa Packaging Joint Stock Company (SOVI), Duy Tan Plastics Manufacturing Corporation (Duy Tan), and Tin Thanh Packing Joint Stock Company (BATICO), officially announced a contest titled SCGP Packaging Design Challenge Vietnam 2021. On the theme “Enhance Your Creativity”, the challenge encourages university students who have passion for design to think out of the box, push boundaries in the packaging designs, and win prizes valuing a total of 120 million VND. The contest is in line with SCGP’s mission of supporting growth in the packaging industry and the young talents who are the foundation of it. “The economy of Vietnam is growing at a record speed. With the increasing consumer markets and demands for packaging, it is essential that businesses should provide packaging solutions, especially design solutions, to meet customers’ demand and grow sustainably in the long run. Being a leading business in the packaging industry, SCGP is delighted to announce SCGP Packaging Design Challenge Vietnam 2021 to university students in Vietnam. The contest not only provides an excellent opportunity for the young designers to produce highly effective creative initiatives in the packaging field and fosters their passion for design, but also accurately reflects SCGP’s commitment on pushing the industry forward through creativity”, said Mr. Sompob Witworrasakul, Chief Regional Officer, SCGP. Interested entrants must form a team of 2-3 university students (18-25 years old) to tackle a packaging design challenge for a chosen product from the following industries: Foods & Beverage (including products: fruit, vegetable, grain, dried and frozen food, seafood, all kinds of beverage…), and Consumer Products (Cosmetics, homecare, personal care, Electrical & Electronic Equipment…), Footwear, Garment & Textile, and Furniture.  The Best of Challenge Award and The Honorable Awards will be awarded to best-in-class works across 3 categories: 1. Sales Promoting Packaging Design Packaging designs that show creative and marketable solutions as well as answer the needs and entice the target users of the chosen product. 2. Transportation Packaging Design Packaging designs that show innovative ways to protect products and assist transportation, which are the main functions of a packaging. 3. Environmentally-Friendly Packaging Design Packaging designs that can replace existing wasteful/non-biodegradable materials, use less material to produce, and promote recycling. SCGP Packaging Design Challenge Vietnam 2021 is open to submit from 01/09/2021 to 15/10/2021. University students can now register their team and ideas at https://bit.ly/3m0qLpC. Besides, to help students learn more about the contest and have the opportunity to discuss with leading designers in the field, SCGP will also host the Design Talk free virtual event on 18/09/2021. Invited to share his experiences and knowledge especially on his success stories of becoming a creator, Mr. Tran Quang Tung (Tung Juno) – Co-Founder and CEO of RIO Creative said: “It’s no secret that the creative landscape has changed dramatically since the COVID–19 outbreak. Therefore, it’s my honor to be a part of the SCGP Packaging Design Challenge Vietnam 2021 to help curate online talks focused on keeping students with great passion for design inspired and motivated through these difficult and uncertain times. I am thrilled that young people are now offered a chance to explore and showcase their talents as well as to better prepare for the future via contests like the SCGP Packaging Design Challenge Vietnam 2021”. Get this inspiration from the designer career path of Mr.Tung Quang (Tung Juno) by reservation at https://bit.ly/3jGyhod. SCGP Packaging Design Challenge Vietnam 2021 is divided into 2 separated rounds: Preliminary Round and Final Round. The 9 finalists of the Preliminary Round will be announced at scgpackaging.com on 22/10/2021. The Final Round presentation and award announcement will be on 13/11/2021.  For more information, please visit: https://bit.ly/3mXO6Jl or call center/Zalo account: 0878647880

News SCGP & SCG Foundation joining forces with Chulain development of ‘CUre AIR SURE’ 10,000 of the respirator masks to be given to front-line health workers Loading Data… SCGP joins forces with Chulalongkorn University to develop an innovative mask ‘CUre AIR SURE’ – designed with care to provide safety for health professionals.In cooperation with SCG Foundation, 10,000 masks will be given to front-line health workers. Professor Bundhit Eua-arporn, Ph.D., President of Chulalongkorn University, says the COVID-19 pandemic and the deteriorating air quality make air filtration technologies a necessity for the new-normal way of life. Fully realizing its significance, Chulalongkorn University intends to contribute to the health security of the Thai people and has collaborated with private-sector partners in the design and development of the “CUre AIR SURE” respirator mask, an innovative filtration equipment to protect wearers against particulate matter and infectious particles.He adds that SCGP as well as organizations, such as the Division of Innovation Industrial Technology Development, the Department of Industrial Promotion, and the Plastics Institute of Thailand, have lent their support. They have collaborated with researchers from Chulalongkorn’s Faculty of Engineering, Metallurgy and Materials Science Research Institute, and Faculty of Medicine to develop the half respirator mask of high quality that is capable of filter out 99% of bacteria and small particulates using filter layers meeting the Medical Face Mask ASTM F2100 Level 1 standard. Mr. Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited, SCGP, says that SCGP has played a role in the design and production of the respirator mask through its design for society program. The company contributes its expertise in design and production with high performance and polymer materials to come up with masks that fit the facial characteristics of Thai people so that they are comfortable to wear and equipped with replaceable filters that provide efficient protection against germs and particulate matter. Ms. Suvimol Chivaluk, Director and Manager of SCG Foundation, expresses concerns for the Thai people who are facing a treacherous situation because of the rapid spread of the coronavirus which has infected a large number of people in recent months. The foundation wishes to play a part in helping Thailand to quickly overcome the current crisis. The foundation has assisted health professionals, patients and people affected by the infection in all 77 provinces throughout the country with innovations and technologies. Moreover, SCGP has contributed financial assistance to make it possible for SCG Foundation to donate 10,000 CUre AIR SURE masks to health professionals and front-line workers in more than 100 hospitals through its network of members throughout the country. Meanwhile, SCGP is committed to paying special interest to environmental protection and social justice as well as upholding the Environmental, Social and Governance (ESG) principles of sustainability. The company has expressed readiness to cooperate with any social organizations or networks to design and develop social innovations with the hope that it will lead to helping Thailand overcome the current challenges it faces. Related Contents Loading Data…

News SCGP ปิดดีลเข้าถือหุ้นร้อยละ 75 ใน Intan Groupเสริมศักยภาพขยายธุรกิจบรรจุภัณฑ์กระดาษในประเทศอินโดนีเซีย Loading Data… SCGP ได้เข้าถือหุ้นร้อยละ 75 ใน Intan Group ผู้ผลิตบรรจุภัณฑ์กล่องลูกฟูกรายใหญ่ในประเทศอินโดนีเซีย ที่มีฐานลูกค้าในกลุ่มธุรกิจอาหาร เครื่องดื่ม และสินค้าอุปโภคบริโภค ต่อยอดด้านการผลิต ซัพพลายเชน และพัฒนาบรรจุภัณฑ์ตั้งแต่ต้นน้ำถึงปลายน้ำ รองรับการขยายตลาดในภูมิภาคอาเซียน เริ่มรับรู้รายได้ตั้งแต่สิงหาคมนี้ นายวิชาญ จิตร์ภักดี ประธานเจ้าหน้าที่บริหาร บริษัทเอสซีจี แพคเกจจิ้ง จำกัด (มหาชน) หรือ SCGP เปิดเผยว่า บริษัทฯ ได้ขยายการลงทุนในภูมิภาคอาเซียนอย่างต่อเนื่อง โดยประเทศอินโดนีเซียเป็นหนึ่งในประเทศที่มีศักยภาพการเติบโตในระยะยาว จึงวางกลยุทธ์ขยายธุรกิจบรรจุภัณฑ์กระดาษ หลังจากเริ่มดำเนินธุรกิจในประเทศอินโดนีเซียตั้งแต่ปี 2556 เพื่อต่อยอดธุรกิจบรรจุภัณฑ์ เพิ่มความเข้มแข็งด้านการพัฒนาบรรจุภัณฑ์กระดาษ จากปัจจุบันที่มีฐานการผลิต 5 แห่งในประเทศอินโดนีเซีย ล่าสุด ในวันที่ 13 สิงหาคม 2564 SCGP ได้เข้าถือหุ้น (Merger and Partnership หรือ M&P) ร้อยละ 75 ใน PT Indonesia Dirtajaya Aneka Industri Box, PT Bahana Buana Box และ PT Rapipack Asritama (Intan Group) เพื่อขยายธุรกิจบรรจุภัณฑ์กระดาษในประเทศอินโดนีเซีย ซึ่งเป็นไปตามที่ได้เคยเปิดเผยสารสนเทศต่อตลาดหลักทรัพย์แห่งประเทศไทยเมื่อวันที่ 10 พฤษภาคม 2564 โดยดำเนินการผ่าน TCG Solutions Pte. Ltd. (TCGS) ที่ถือหุ้นทั้งหมดโดยบริษัทกลุ่มสยามบรรจุภัณฑ์ จำกัด (หรือ “TCG”) ซึ่งเป็นบริษัทร่วมทุนระหว่าง SCGP และ Rengo Company Limited ประเทศญี่ปุ่น ที่สัดส่วนร้อยละ 70:30 ตามลำดับ โดยแบ่งการชำระค่าหุ้นออกเป็นงวดแรกจำนวน 822 พันล้านรูเปียห์ (ประมาณ 1,997 ล้านบาท) และจะชำระค่าหุ้นงวดที่ 2 โดยพิจารณาจากผลประกอบการส่วนเพิ่มของ Intan Group สำหรับงวดปีบัญชี 2565 และ 2566 ซึ่งเมื่อรวมกับเงินที่ชำระในงวดแรกแล้วจะเป็นเงินไม่เกิน 859 พันล้านรูเปียห์ (ประมาณ 2,088 ล้านบาท) และจะเริ่มรับรู้ผลประกอบการของ Intan Group ในงบการเงินรวมของ SCGP ตั้งแต่เดือนสิงหาคม 2564 เป็นต้นไป Intan Group เป็นหนึ่งในผู้ผลิตบรรจุภัณฑ์กล่องลูกฟูกรายใหญ่ในประเทศอินโดนีเซีย ปัจจุบันดำเนินธุรกิจในพื้นที่ยุทธศาสตร์ที่สำคัญของประเทศ 4 พื้นที่ ได้แก่ Surabaya ทางทิศตะวันออกของเกาะชวา Semarang ทางตอนกลางของเกาะชวา Bekasi ทางทิศตะวันตกของเกาะชวา และ Minahasa ตั้งอยู่ทางตอนเหนือของเกาะสุลาเวสี โดยมีลูกค้าในกลุ่มธุรกิจอาหาร เครื่องดื่ม และสินค้าอุปโภคบริโภค เมื่อสิ้นสุดปีบัญชี 2563 Intan Group มีรายได้ประมาณ 1,329 พันล้านรูเปียห์ (ประมาณ 3,231 ล้านบาท) มีกำไรสุทธิหลังหักภาษีประมาณ 65 พันล้านรูเปียห์ (ประมาณ 158 ล้านบาท) และมีสินทรัพย์ประมาณ 755 พันล้านรูเปียห์ (ประมาณ 1,836 ล้านบาท)“การขยายการลงทุนในประเทศอินโดนีเซียจะเพิ่มศักยภาพจากความร่วมมือแบบบูรณาการทั้งด้านการผลิต การตลาด การวิจัย รวมถึงนำเสนอบรรจุภัณฑ์ที่หลากหลายร่วมกับการนำเสนอโซลูชันด้านบรรจุภัณฑ์แบบครบวงจรเพื่อรองรับการขยายตลาดในภูมิภาคอาเซียน อีกทั้งยังเป็นการเน้นย้ำความเชื่อมั่นในการเติบโตทางเศรษฐกิจอย่างแข็งแกร่งของประเทศอินโดนีเซีย” นายวิชาญ กล่าว Related Contents Loading Data…

News SCGP maintains healthy growth with first half-year earnings of THB57,148M And with plan for progressive growth in the year’s second half Loading Data… SCGP maintains healthy growth with first half-year earnings of THB57,148M And with plan for progressive growth in the year’s second half Mr. Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited, SCGP announces that SCGP’s performance during the first half of 2021 yielded a total sales revenue of baht 57,148 million, an increase of 24% from the same period last year and a profit of baht 4,398 million, an increase of 21%. Meanwhile, its EBITDA (earnings before interest, taxes, depreciation, and amortization, excluding dividends from partner companies but including profits or losses from currency exchange on loans) of baht 10,831 million is an increase of 23% from last year.The increased revenue from sales was the result of rising demands for packaging products and increased exports in ASEAN of such products as consumer goods, food, and frozen food, as well as economic recoveries from the COVID-19 pandemic in the United States, Europe and China. While increased energy costs and shortages of freight containers exert pressure on performance, the Company continues to improve its cost management and operations to enhance competitiveness. At the same time, the Company has been able to earn an increase in revenue through maintaining its leadership as an integrated packaging solutions provider in ASEAN and its planned expansion through merger and partnership (M&P) with Bien Hoa Packaging Joint Stock Company (SOVI) of Vietnam and investment in Go-Pak UK Limited to enable expansion in other regions. Past endeavors to increase capacity include increasing production of paper packaging in Indonesia as well as set up production of performance and polymer packaging products in Thailand. “SCGP has been able to maintain steady growth. This is the result of our planning a growth strategy encompassing expansion of our current business operations and M&P both here and abroad. We expect that in 2021 we will invest no less than baht 20 billion to expand our customer base to cover multiple industries, and add diverse packaging portfolios as well as increase research and development of innovations, work processes and business models in order to come up with packaging solutions that respond to individual customer’s needs. We’ll also look at improving cost management on a continuous basis,” says Mr. Wichan. On 27 July 2021, the Board of Directors of SCGP has approved a H1/2021 interim dividend payment of 0.25 Baht/Share (Baht 1,073 million), which is payable on August 25, 2021 (XD-date on August 9, 2021, and record date on August 10, 2021). Mr. Wichan adds: “As for the industry outlook for the last half of the year we expect to receive positive impacts from the US and Europe’s economic recovery. Having said that, there remain uncertainties arising from the COVID-19 pandemic impacting the economy, especially in ASEAN. However, for the latter half of the year, SCGP will try to sustain growth with projected sales for the entire year of no less than 100,000 million baht. The Company will operate according to its strategic plan with a project to boost production capacity, which is to increase production of paper foodservice packaging for an addition of 1,615 million pieces a year in Thailand and Vietnam, which is expected to begin commercial operation by the third quarter of this year. Moreover, the production capacity for paper packaging in the Philippines will be increased by 220,000 tons per year while production of flexible polymer packaging in Thailand is to be increased by 53 million square meters per year by the fourth quarter of the year. “SCGP also has initiated M&P projects, the latest of which took place on July 23, 2021, when we acquired 70% of Duy Tan Plastics Manufacturing Corporation (Duy Tan), Vietnam’s leading producer of rigid plastic packaging products. In addition, we are in the process of closing deals in the third quarter of 2021, including the acquisition of 75% of PT Indonesia Dirtajaya Aneka Industri Box, PT Bahana Buana Box, and PT Rapipack Asritama (Intan Group), to expand our paper packaging operations in Indonesia. We have also acquired 85% of shares in Spain’s Deltalab, S.L. to enhance our potential to provide services and support the growth of our medical supplies and labware at the global level. SCGP will maintain strength by collaborating with our partners to achieve sustained growth along with special attention to environmental, social and governance (ESG) concerns,” Mr. Wichan adds. Related Contents Loading Data…

SCGP is enlarging its investment in Vietnam, by entering into a merger and partnership deal, taking over 70% of Duy Tan, Vietnam’s leading producer of rigid plastic packaging products, in order to diversify and integrate production capabilities in response to market growth domestically and in the ASEAN region. Mr. Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited, SCGP reports that SCGP has continuously increased investment in Vietnam during the past decade, integrating businesses dealing in packaging paper, fiber-based packaging, and flexible packaging with the aim at meeting demands of customers and consumers in Vietnam and the ASEAN region, which are witnessing sustained growth, and jointly developing products with an eye toward expanding the Vietnamese and export markets. In the latest investment, on July 23, 2021, SCGP has announced the completion of of its 70% merger and partnership (M&P) investment in Duy Tan Plastics Manufacturing Corporation (Duy Tan), Vietnam’s leading producer of rigid plastic packaging products, which follows the previous disclosure to the Stock Exchange of Thailand on February 9, 2021. Payment for the 70% M&P stake is the immediate 3,630 billion VND (approximately 5,170 million Baht), followed by the second payment which will be based on Duy Tan’s incremental financial performance for FY2020 and FY2021, and when combined with the first payment will be no more than the total of 6,400 billion VND (approximately 9,120 million Baht). This transaction is through SCGP Rigid Packaging Solutions Pte. Ltd. (“SCGPRS”), which is a wholly owned subsidiary of SCGP. Duy Tan’s financial performance will be consolidated from August 2021 onward. Duy Tan is Vietnam’s leading producer of rigid plastic packaging products with five manufacturing facilities.     Its B2B clients are multinational companies and local consumer goods producers of leading brands in Vietnam while B2C clients are provided with home products under Duy Tan brand, such as food wares and containers which are distributed widely within Vietnam through over 16,000 retail outlets, wholesalers and supermarkets. On a last twelve months basis (Q3/2020 – Q2/2021), Duy Tan recorded revenue of approximately 5,025 billion VND (approximately 7,170 million Baht), net profit after tax of approximately 650 billion VND (approximately 930 million Baht) and had assets of approximately 5,000 billion VND (approximately 7,130 million Baht). “This acquisition will enable SCGP to  provide a complete line of packaging products and expertise to better meet specific needs of consumers. In addition, it helps  leveraging technological operational strength and resource pooling across operations,” Mr. Wichan says. “Moreover, this transaction affirms SCGP’s commitment to contribute to the economic growth and the development of plastic industry in Vietnam.”