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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

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.

SCGP has announced completion of the 75% share acquisition of Intan Group, a leading producer of corrugated containers in Indonesia, with a customer base of companies in the food and beverages and consumer goods industries. This transaction expands on the entire range of production, supply chain and packaging development from upstream to downstream in response to an expanding ASEAN market. Revenue recognition begins in August this year. Mr. Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited, SCGP reports that the Company has continuously invested in the ASEAN region. Indonesia is one of the countries with a long-term growth potential, and SCGP has a strategic interest in expanding its fiber-based packaging business there following its presence in the country since 2013 to cover all facets of packaging operations in order to fiber-based packaging development. The Company currently has interests through investment in five subsidiary companies in Indonesia. Most recently, on August 13, 2021, SCGP has announced the completion of its 75% merger and partnership (M&P)investment in PT Indonesia Dirtajaya Aneka Industri Box, PT Bahana Buana Box and PT Rapipack Asritama (collectively, “Intan Group”) which follows the previous disclosure to The Stock Exchange of Thailand on May, 10, 2021.This transaction is through TCG Solutions Pte. Ltd. (“TCGS”), which is a wholly owned subsidiary of Thai Containers Group Company Limited (or “TCG”), a 70:30 joint venture between SCGP and Rengo Company Limited, Japan. Payment for the 75% M&P stake is the immediate 822 billion rupiah (approximately 1,997 million Baht), followed by the second payment which will be based on Intan Group’s incremental financial performance for FY2022 and FY2023, and when combined with the first payment will be no more than the total of 859 billion rupiah (approximately 2,088 million Baht). Intan’s financial performance will be consolidated from August 2021 onward. Intan Group is one of Indonesia’s leading corrugated containers producers and operates in 4 strategic locations, namely Surabaya in East Java, Semarang in Central Java, Bekasi in West Java, and Minahasa in North Sulawesi. Its clients are in the food, beverage and consumer segments. Intan Group recorded revenue of approximately 1,329 billion rupiah (approximately 3,231 million Baht), core net profit after tax of approximately 65 billion rupiah (approximately 158 million Baht) and had assets of approximately 755 billion rupiah (approximately 1,836 million Baht) at the end of FY2020. “Our increased investment in Indonesia will enable us to strengthen the production, research and development, and marketing as well as introduce a diverse range of products and complete packaging solutions to respond to the expanding ASEAN market. Moreover, it reaffirms our commitment and belief in Indonesia’s strong economic growth,” Mr. Wichan says.

SCGP earns a revenue of baht 57,148 million during the first half of this year, up 24% from the year before, maintaining strong growth from increasing demand for packaging products, expanding export in ASEAN, higher production capacity, and successful merger and partnership (M&P) strategy. The second half of the year expects to see closure of deals in Indonesia and Spain, increasing collaboration with partners as well as boosting capacity in ASEAN to ensure continuous growth. 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.  

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.”

Mr. Wichan Charoenkitsupat, Chief Operating Officer, Fibrous Business, SCGP, together with executives and sales representatives of Thai Paper Company Limited, a subsidiary of SCGP, donated more than 9,000 reams of Idea copier paper Idea Brand and Supreme copier paper to COVID-19 vaccination centres more than 25 places throughout Thailand. The paper is expected to be used when collecting data from vaccine recipients or used in other processes within the centres. So far SCGP has given paper to University of the Thai Chamber of Commerce, Chulalongkorn University, Rajavithi Hospital, Thammasat University Hospital, Bangsue Central Vaccination Center, Bangpakok 9 International Hospital, Banpong Hospital, Khon Kaen Vaccination Center, Rayong Hospital, and Nakornping Hospital. SCGP is moving forward to help, support, and encourage all medical staff and Thai people to overcome challenges we are facing during the COVID-19 crisis together.