SCGP has acquired 100% stake in Law Print, a prominent packaging solution provider in the United Kingdom and Europe, with aims to strengthen sales channels and expand customer network. Additionally, SCGP has completed the M&P for 85% stake in Bicappa, a renowned medical supply and labware manufacturer in Italy. This acquisition would enable the extension of business to the scientific equipment market, particularly in “pipette tips”, along with the access to cutting-edge manufacturing technology. Financial performance from these investments will be consolidated starting November 2023. Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited or SCGP, disclosed that the company has progressed with investments in packaging solutions businesses and expands its sales channels to reach new customer segments in high-growth markets. Recently, a merger and partnership (M&P) was completed for 100% stake in Law Print & Packaging Management Limited (Law Print), a prominent packaging solution provider based in Stockport, United Kingdom. The transaction was made through SCGP Solutions (Singapore) Pte. Ltd. or SCGPSS, a wholly-owned subsidiary of SCGP. The investment amount for this acquisition is GBP 10.68 million, equivalent to approximately THB 475 million. As of the end of 2022, Law Print recorded revenue of GBP 12.2 million or approximately THB 570 million, with a core net after tax of GBP 2.7 million or approximately THB 125 million. The total assets are valued at GBP 6.5 million or approximately THB 300 million. Law Print offers extensive packaging solutions services ranging from design, printing, and quality assurance through international logistics management, with network of accredited packaging manufacturers and suppliers. Law Prints’ key capabilities are dedicated to catering the needs of customers, especially in pet food industry, with detailed analysis for in-depth understanding of the evolving packaging requirements. Law Print effectively fulfills clients’ demands and connects them with high-quality flexible packaging suppliers including the sourcing of SCGP flexible packaging products for UK & European clients. Simultaneously, SCGP has broadened its investments in the medical supply business while also strengthen its sales channels. In this regard, SCGP has entered into an agreement to acquire 85% stake in Bicappa Lab S.r.L., or Bicappa. Based in Roletto, Italy, Bicappa is a renowned medical supplies and labware manufacturer in Europe, specializing in pipette tips. This acquisition, valued at EUR 3.23 million or approximately THB 125 million, is made through Deltalab, S.L. (Deltalab), an 85% owned subsidiary of SCGP. For the last twelve months ending 30 June 2023, Bicappa recorded revenue of EUR 3 million, approximately THB 115 million, core profit after tax of EUR 0.62 million or approximately THB 23.5 million, and total assets worth EUR 2.4 million or approximately THB 90 million. Bicappa is one of the major-size manufacturers of pipette tips in Europe. The company poses with automated production and precision mold designs. This investment will enable Deltalab to promptly augment its pipette tips production capacity and gain access to the technology and design of injection mold for auto-pipetting with high precision. Furthermore, this investment also represents a potential expansion into other SCGP ventures in ASEAN to foster future growth in the medical supply business. “SCGP moves forward with strategic expansion for quality growth. These investments in the comprehensive packaging solution will amplify our sales channels and broaden our packaging business into the global market. Venturing into the medical supply sector will further solidify our growth potential with the widening customer base, augment production capabilities, and enhance our business throughout the entire value chain. The financial performance of these 2 deals will be consolidated from November 2023 onwards.” said Wichan.
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SCGP Announced Revenue of 97,517 MB for 9M 2023, Supported by Sequential Recovery of Food Packaging Industry; Taps into AI for Cost Reduction and Production Efficiency Improvement, Heading Toward ESG Goals for Sustainability
SCGP reported total sales revenue for the first nine months of 2023 at Baht 97,517 million and a profit of Baht 4,030 million. The company has been strengthening production efficiency and pursuing cost improvement with Artificial Intelligence (AI) technology. Packaging sales to the food and beverage industry were boosted by rising consumption with trend for overall packaging demand to rebound further in the last quarter. SCGP is also advancing its ESG initiatives, aiming to increase alternative energy sources with projection of a 15% reduction in greenhouse gas emissions by year-end, progressing faster than planned. Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited or SCGP, disclosed the operating results for the first nine months of 2023. The company’s sales amounted to Baht 97,517 million, a decrease of 13% compared to the same period of last year. EBITDA was Baht 13,381 million, down by 16% from the same period of last year. Profit for the period stood at Baht 4,030 million, decreased 25% from the same period of last year. Primary factors for this decline were from the decrease in sales volume and price of packaging paper and pulp. For the third quarter of 2023, SCGP reported a sales revenue of Baht 31,572 million, representing a decrease of 17% Y-o-Y and 2% Q-o-Q. EBITDA was Baht 4,229 million, a decrease of 23% Y-o-Y and 10% Q-o-Q, while profit for the period was Baht 1,325 million, down by 28% Y-o-Y and 11% Q-o-Q. Drop in profitability was attributed to a decrease in packaging paper prices in Indonesia, lower export volumes to China, and reduction in volume and price of pulp sales. SCGP has strategically realigned its business operations to resonate with current market conditions, placing a primary emphasis on increasing sales of packaging for the food and consumer goods sectors. These sectors have witnessed solid growth in ASEAN, spurred by domestic consumption in the segment of frozen food, processed foods, fruits, and daily consumer products. The growing demand within Thailand and Vietnam, along with the recovering exports in these product categories, have been evident. In addition, the company continues to invest to enhance the capability of its employees, improve operational systems, and integrate Artificial Intelligence (AI) to boost the efficiency of its packaging production processes. This AI-supported improvement has enabled the company’s plants in Thailand to reduce energy costs by up to Baht 130 million/Year and greenhouse gas reduction of 30,000 tons CO2/Year in 2023. Wichan stated that the packaging industry’s trend for the last quarter of the year is expected to recover from the previous quarter, especially food and beverage packaging. Demand for packaging paper in the region is showing signs of sequential recovery. Furthermore, China’s economic stimulus measures have started to yield positive effects in the manufacturing sector while there is upward adjustment in packaging paper prices, which is favorable for ASEAN’s exports. Business operations in Indonesia had already passed their lowest point and are anticipated to gain momentum leading up to the elections in early 2024, which will stimulate consumer spending and increase the demand for packaging across industries. SCGP is moving forward with its expansion and M&P strategy in high potential buisnesses to continue the quality growth. Regarding the progress of capacity expansion projects, the new flexible packaging production facility in Thailand has commenced its commercial operations in the third quarter of this year. Additionally, the project to expand fiber packaging capacity in Thailand is expected to start its commercial operations in the first quarter of 2024. As for packaging materials recycling business, preparations are underway for the commercialization of new plant in the Netherlands in November 2023. This would lead to a doubling in sourcing capability of recycled paper and plastics for Peute. Notable progress includes an investment in Starprint Vietnam JSC (SPV) in Vietnam, where the deal is expected to be completed in the fourth quarter of this year. Furthermore, the company is advancing the preparation for the M&P investment in polymer packaging to strengthen its sales channels and networks with aim to support global market expansion. Another potential investment under focus is in medical supplies and labware with goal to boost growth, expand the customer base, and reinforce the Value Chain. Conclusions on this front are expected to be reached soon. At the same time, SCGP is committed to conducting its business in line with the ESG framework, particularly by increasing the use of alternative energy sources. SCGP estimates that, by the end of 2023, the company would achieve a 15% reduction in greenhouse gas emissions compared to the base year in 2020, surpassing the Science Based Target Initiative (SBTi) of 7.5%. Additionally, SCGP has secured green loan amounting to Baht 3,000 million with 5-year term from Bank of Ayudhya Public Company Limited to support projects that promote efficient energy usage. This initiative is a crucial step for SCGP to achieve its ultimate goal of Net Zero greenhouse gas emissions by 2050.
DOM : Detect Odor and Monitoring
“It is easy to notice odor but difficult to measure it.” Industrial plants thus have a challenging task of preventing their odor from polluting local communities. SCGP has developed DOM (Detect Odor & Monitoring) to help factories tackle this specific challenge. Detecting odor with great efficiency, this innovation has won the National Innovation Awards 2020 in the Service Design category and has promised to be friendly to the environment. Equipped with both software and hardware, DOM detects and monitors odor for efficient analyzes and management. Its monitoring system uses sensors, which accept customized settings, to check the intensity of undesirable odors of ammonia, hydrogen sulfide, ethylene oxide, etc. It can even determine as to whether PM2.5 amount is above safe limit. Data is displayed real time on a dashboard in an easy-to-understand manner. DOM truly has positive social, business, and environmental impacts. DOM Service Odor Identify: What are typical odors at your site? Surveying the site and its odor – causing manufacturing spots; Collecting odor samples for chemical analyzes; and Assessing the intensity of odors by Odor Panelist and based on international-standard guideline Odor Monitoring System: Constant Monitoring at Your Site DOM checks the intensity of odor and sends data to DOM Web Platform for real-time display and database; Alerts are issued when odor intensity soars above specified limit; Assessing odor diffusion from sources in combination with weather and wind-direction data; and Data can be compared with complaints about odor time for improvement in the future. Odor Impact Assessment: What are odor impacts? Displaying odor impacts; Analyzing the sources of main odors and time of odor emissions, which are prone to trigger complaints; and Assessing the feasibility of odor-reduction options
SCGP Awarded Outstanding Corporate Governance by NTCC, Emphasizing ESG Commitment
SCGP won the Outstanding in Corporate Governance Award from the Netherlands-Thai Chamber of Commerce (NTCC) due to its remarkable performance in corporate governance, a pivotal aspect of ESG. This dedication promotes solid business growth, transparency, and accountability. It also nurtures collaboration with stakeholders and consistently fuels innovation, bolstering confidence in future business expansion. The award was chosen by a panel of qualified judges from the NTCC, sustainability development experts from academia, and votes from institutions and attendees of NTCC events. This underscores the company’s commitment to ESG initiatives, which have gained international recognition. In addition, SCGP has also been presented with the Appreciation Award: Thai Investor in the Netherlands. This award celebrates the organization’s exemplary role in promoting trade and investment between Thailand and the Netherlands, and its consistent efforts in publicizing activities to serve as a model for NTCC members. “SCGP is developing modern and sustainable packaging innovations for the market to truly meet the demands of customers. We also have set a Net Zero goal for greenhouse gas emissions by 2050, consistently working on ESG throughout the supply chain. This is driven by a commitment to adhering to the SCGP Code of Conduct and encouraging business partners to follow suit. Furthermore, we have invested in Puete, a leading recycling business in the Netherlands, which can amplify the sustainability of the entire supply chain, allowing us to foster sustainable business growth together,” said Danaidej Ketsuwan, Chief Financial Officer of SCG Packaging Public Company Limited. The award ceremony was recently held at the Road to Net-Positive event organized by the Netherlands-Thai Chamber of Commerce (NTCC) at the Siam Kempinski Hotel, Bangkok.
SCGP Announces Winner of SCGP Packaging Speak Out 2023, Embracing Aging Society through the ‘Power of the New Generation’ for the Seniors
SCGP empowers the new generation to benefit the elderly through the “SCGP Packaging Speak Out 2023” design competition. The theme this year was “Packaging for Senoirs.” From the ten finalist teams, selected out of 288 submissions, the team ’60s Kids’ claimed the top prize with their work titled “SriSa,” a packaging design for shampoo and hair conditioner. The work specifically addresses the issue of the elderly slipping in the bathroom. Wichan Jitpakdee, Chief Executive Officer of SCG Packaging Public Company Limited or SCGP, expressed that one of SCGP’s visions in business development is to operate with social and environmental responsibility. This is achieved by enhancing individuals’ “quality of life” through innovative packaging. This vision is the driving force behind the “SCGP Packaging Speak Out” competition, which encourages participants to voice their ideas and impact the world through innovative packaging. This year’s competition, the 8th in its series, was about designing “packaging for senoirs.” The focus was tapping into the new generation’s potential to create for the elderly. The theme, ‘Possibilities for the Betterment,’ acknowledges the rising trend of an aging society in Thailand and globally. This demographic shift presents a significant opportunity for the packaging industry in the future. “SCGP is pleased to organize this event. Beyond the competition, where we are identifying winners and losers, the more significant aspect is that the young participants get the opportunity to learn and gain experiences that will stay with them throughout their lives and future careers. In terms of packaging design, a strong point is having research and factual data to support it, which reflects the practical application of the packaging in the business context,” CEO of SCGP added. For the SCGP Packaging Speak Out 2023 competition, a total of 288 entries were submitted by Gen Z. Out of these, ten final teams were shortlisted to present their work, competing for total prize money of 200,000 baht. The evaluation criteria were centered around creativity, design concepts that align with the theme of improving the quality of life for the elderly, and sustainable world considerations. This included designing packaging structures, creating graphics tailored for the target group, and the potential for further business development. The team that received the top award, “The Best of Challenge,” and a prize of 70,000 baht was the team “60s Kids.” The team members were Deekarat Thammarattanakul and Kornchat Tiyawutirojanakul from the Faculty of Architecture, Chulalongkorn University. Their work, titled “SriSa,” addressed the issue faced by the elderly, where research indicates that over 50% of falls in older adults occur in the bathroom. Their design focused on packaging for hair care products that are user-friendly for the elderly within the bathroom setting. Features of their design include one-handed use, a silicone anti-slip pad at the pressing area, a textured surface on the bottle sides for improved grip, large and clear fonts without unnecessary details, eye-catching colors and sizes, explanatory symbols, and the use of Mono-layer plastic (PE). This plastic, based on mono material, is easier to recycle, emphasizing environmental considerations. The “Runner-Up” award, with a prize of 50,000 baht, went to the “Dec Product” team. The members were Anchisa Amornthanapat and Patsachon Triwittayakorn from the Faculty of Decorative Arts, Silpakorn University. Their project, “Netra,” was a set of eye-cleaning product packaging designed for post-cataract surgery patients. The design ensures the packaging can be easily operated with one hand. The packaging size is not too small, making it visibly distinct from a distance, easy to grip, designed to prevent spillage while closing, and uses bold colors and large fonts. The Honorable Mentions award, which includes a prize of 20,000 baht for each team, goes to: Team 123 Nor comprises Wiritpol Janthornsirijan and Yuwarat Boonmas from the Faculty of Fine and Applied Arts, Bangkok University, along with Tannicha Wantayakul from the School of Fine Arts, Srinakharinwirot University. They presented their work on adult diaper packaging branded “Comfee.” This rectangular packaging is designed for cleanliness when stacked and placed on store shelves and includes side handles for convenient transportation. Team Woof Woof consists of Lapatrada Salitphol and Suntareeluk Aiatrakun from the School of Architecture, Art, and Design, King Mongkut’s Institute of Technology Ladkrabang. They introduced “Fleur,” a liquid fertilizer packaging specifically designed for the elderly to address the issue of difficult bottle openings. The bottle design features a flower-shaped cap. Team Pin, represented by Chanyarat Pinkaew from the Faculty of Fine and Applied Arts, Chulalongkorn University, showcased “FitFoot”, a shoebox designed to promote good health. It focuses on addressing the everyday health challenges faced by elderly family members. The shoebox is innovatively designed to incorporate tools for foot exercises. Team ppm consists of Parita Yingyongudompol, Pornsinee Noipracha, and Anantacha Junyoo from the Faculty of Agro-Industry, Kasetsart University. Their work is the herbal inhaler, and its packaging uniquely features a massage button function. This allows the elderly to exercise their hands while using the product. All these designs cater specifically to the needs of the elderly while also emphasizing resource efficiency and environmental friendliness. The younger generation’s dedication to design and creative flair is impressive, opening up new possibilities for the elderly to lead fulfilling lives. These designs aim to make society—and the world—a better and more sustainable place. For those interested in more details about the competition, please visit https://thechallenge.scgpackaging.com/en/ideaTank-th.
SCGP joins Krungsri to support Green Loans, strengthening ESG initiative and promoting sustainable growth
SCGP has signed a Green Loan agreement with Krungsri to fund investment in environmental initiatives. Valued at 3 billion baht over a 5-year term, the loan underscores Krungsri’s ESG commitment and represents an important step in fostering collaborative efforts for robust and sustainable development across ASEAN. Krungsri’s experience and expertise in developing ESG financial products in partnership with MUFG has led to the bank serving as the Green Structuring Advisor and sole lender for this Green Loan to support SCGP’s green activities that meet Technical Screening Criteria as defined by ASEAN and Thailand Taxonomies. The loan funds will be channeled into projects aligning with the Green Financing Framework such as renewable energy, energy efficiency and water management. Mr. Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited or SCGP, said, “SCGP is fully committed to advancing its sustainable business initiatives within the ESG framework and this presents a valuable opportunity from Krungsri to extend its support through a Green Loan of 3 billion baht over a 5-year term. The funds will be allocated to various projects aimed at boosting the adoption of alternative and renewable energy, with the goal of reducing greenhouse gas emissions by 20 percent by 2030 compared to the 2020 baseline. Furthermore, the company plans to promote energy efficiency and enhance resource reuse. These efforts align with SCGP’s main objective of achieving Net Zero greenhouse gas emissions by 2050, fostering robust growth for the company while ensuring sustainability for both society and the environment.” Mr. Kenichi Yamato, Krungsri President and Chief Executive Officer, said, “Krungsri is committed to supporting ESG Finance by creating financial products that assist businesses as they transition towards sustainability in line with the nation’s greenhouse gas reduction initiatives. We are delighted to extend our environmental collaboration by providing green loans to SCGP, a leading organization with a track record of financial strength and sustainable operations. Krungsri is confident that this partnership will support both companies in reaching their environmental objectives of carbon dioxide emission reduction while contributing to the nation’s journey towards sustainable development and growth.”
CP Foods Collaborates with SCGP and SCGC to Launch Eco-friendly Food Packaging
Charoen Pokphand Foods Public Company Limited (CP Foods) has announced a collaborative effort on green packaging with SCG Packaging Plc (SCGP) and SCG Chemicals Plc (SCGC) to develop sustainable and environmentally friendly food packaging solutions. This tri-party collaboration has solidified with the signing of a memorandum of understanding (MoU). The partnership focuses on innovations in pulp and polymer-based packaging with SCGP and green polymer-based plastic solutions with SCGC. These efforts underscore a shared commitment to reduce greenhouse gas emissions, promote consumer safety, and cater to the rising demand for sustainable packaging in the country. Prasit Boondoungprasert, CP Foods’ CEO, expresses a commitment to a sustainable business model, emphasizing food security and shared responsibility in environmental stewardship. This tri-company partnership reflects a mutual intent to create sustainable packaging, resonating with CP Foods’ dedication to crafting food products beneficial for the body, mind, and environment. All three enterprises share congruent sustainability aspirations. Their collective vision looks forward to achieving net-zero greenhouse gas emissions by 2050, with packaging being a focal point. Presently, 99.9% of CP Foods’ packaging is either reusable, recyclable, or compostable. Through this collaborative endeavor, the hope is to further amplify the company’s positive impact on the environment, elevating Thailand’s packaging industry efficiency. Wichan Jitpukdee, CEO at SCGP, highlights the company’s dedication to sustainable business practices. This entails the enhancement of safe products and services, an uptick in consumer recycled paper in production, and an increase in recyclable plastic packaging. With a net-zero greenhouse gas emissions target set for 2050, SCGP is enthusiastic about synergizing with partners to champion a sustainable ethos among consumers. In this alliance with CP Foods, SCGP brings to the table its rich expertise and technological know-how in packaging— from paper pulp to sustainable polymers, all tailored for CP Foods’ production dynamics. Dr. Suracha Udomsak, Chief Innovation Officer and EVP-New Business at SCGC, notes that Thailand holds a significant position in the global food export arena. Thus, consuming high-grade food in green packaging can address food security challenges while efficiently utilizing resources, adhering to the principles of the Circular Economy. SCGC is poised to leverage its sustainable innovation prowess to revolutionize plastic food packaging, ensuring quality, cleanliness, and safety. Their cutting-edge, environmentally-conscious polymers under the SCGC GREEN POLYMER brand align with low waste, low carbon principles, and focus on four core areas: resource reduction, recyclability design, recycling, and renewable resource utilization.
SCG Foundation and SCGP receive NIA Award for Designing Paper Bed for Mobile Med Units; Emphasizing Creativity, Functionality, and Inequality Reduction
The SCG Foundation has collaborated with students from the Certificate Course in Good Governance for Medical Executives, organized by the Foundation for Good Governance on Medicine, The Medical Council of Thailand, and SCGP. This partnership has continuously contributed to the medical and public health sectors. Most recently, they received the National Innovation Award of 2023 in the Social and Environmental categories for Organizations for Society and Community for their innovation “Innovative Paper Bed for Mobile Medical Units.” This innovation was co-created by the design team from SCGP, SCG Foundation, and students from the Certificate Course in Good Governance for Medical Executives. It builds upon the previous paper field beds used for COVID-19 patients, ensuring they are suitable, safe, and convenient for medical operations and patient services in mobile medical units. The National Innovation Award, organized by the National Innovation Agency (NIA), is presented to honor and celebrate Thais who have created outstanding innovations that offer clear benefits to the country. For this competition, more than 300 organizations participated.
SCGP Recognizes Business Partners for Sustainable Packaging Development
SCGP organized the “SCGP Circularity in Action: Advancing Packaging Sustainability” seminar to facilitate the sharing of knowledge and experiences with business partners regarding the development of environmentally-friendly packaging. More than 40 companies, both domestic and international, actively participated in this event, which took place at the SCG Headquarters on September 14, 2023. At the seminar, Mr. Karan Tejasen, COO – Chief Operating Officer, SCGP’s Consumer and Performance Packaging Business, took the opportunity to bestow recognition awards as a gesture of appreciation to our business partners for their collaborative work in the development of eco-friendly packaging. These awards symbolize the collective industry endeavors aimed at advancing sustainable packaging solutions across diverse product categories such as; Business partners in the product category of R1 (Recyclable mono-material laminated) • Betagro/ B. Foods Product International Co., Ltd. • Jei Lee USA Corporation • Kimberly-Clack Thailand Co., Ltd. • C.P. Intertrade Co., Ltd. & Khao C.P. Co., Ltd. • KF Foods Limited • Lucky Union Foods Co., Ltd. • Marine Gold Products Ltd. • Masan Consumer Corporation • Mars Petcare (Thailand) Co., Ltd. • Okeanos Food Co., Ltd. • Pacific Fish Processing Co., Ltd. • Thaveevong Industry Co., Ltd. Business partners in the product category of R1+ (Recyclable mono-material laminated with barrier) category • Mondelez Kinh Do JSC Business partners in the product category of Recyclable mono-material packaging with recycled content • Uni-charm (Thailand) Co., Ltd. Business partners in the product category of Rigid plastic with 100% PCR • The Shell Company of Thailand Limited Business partners in the product category of Rigid plastic with PCR • Colgate-Palmolive (Thailand) Limited • Equator Pure Nature Co., Ltd. • S&J International Enterprises Public Company Business partners in the product category of Rigid plastic with label-less bottle • M. Water Co., Ltd. Business partners in the product category of Retort-able recyclable and lightest weight food cup and jar • Dole Thailand Ltd. Business partners in the product category of Retort-able recyclable food cup with PCR • Del Monte Foods, Inc. SCGP’s core business approach revolves around the creation of environmental-friendly products, services, and solutions that align with sustainable development and the principles of the Circular Economy. Additionally, the company is committed to fostering partnerships and engaging with industry stakeholders to continually enhance eco-friendly packaging solutions.
Fest by SCGP Introduces Innovative Packaging Solutions for Ready Meal, Chilled Fresh Meat, and Vending Machine, Harnessing Robust Production Capabilities to Fulfill the Growing Sustainable Packaging Demand
Fest by SCGP organized an open house, inviting press to explore innovations and sustainable food packaging solutions. It has showcased its readiness to tap into the ready meal, chilled fresh meat, and vending machine markets, highlighting robust production capabilities and quality team, ready to cater to the growing demand for sustainable food packaging. Mr. Kitchai Tassanavinyu, Foodservice Packaging Solutions Manager at Thai Paper Co., Ltd. in SCGP, said that the processed food market is continuously growing, especially in the ready meal and fresh meat segments. This growth is driven by a lifestyle that demands increased convenience in ready meal consumption and eco-friendly packaging that maintains the product’s quality without affecting manufacturing processes. Euromonitor predicts that by 2023, the processed food manufacturers in the ready meal and fresh meat product sector will have a packaging market value of about 2,729 million baht annually. “Fest by SCGP” has tapped into the ready meal and fresh meat market through close collaboration with individual clients at every production stage to comprehensively cater to their needs. Recently, Fest by SCGP has developed innovative packaging solutions, including a chilled fresh meat paper tray “Fest Fresh Pak”, which preserves the freshness of meat according to standards. It remains robust and stable even in humid conditions. Made from renewable materials, at least 80% of its content has been certified by the SCG Green Choice label. Another innovation by “Fest by SCGP” is the chilled food ready meal tray “Fest Redi Pak”. It has been co-developed with Reo’s Deli to innovate packaging that maintains the freshness and taste of food. It can be directly microwaved without needing to remove the cover, efficiently retaining heat, thus reducing the time and energy used to heat the food. Fest by SCGP set a target of capturing a 10% market share for ready meal and fresh meat packaging by 2028. Furthermore, Fest by SCGP offers consultation and solutions, providing ideas for food manufacturers to assist them in selecting packaging that aligns well with production processes and popular automated systems. Fest by SCGP has partnered with “Tao Bin” to develop the “Fest Vending Pak,” the paper cup for vending machines. Produced from high-quality paper, these cups are durable, maintain their shape, and come with beautiful, clear prints. The solutions allow clients to easily adjust designs to suit their seasonal marketing campaigns. This partnership helps reduce imports, enhances delivery efficiency, provides flexibility, and minimizes storage space. Given its production capacity across its four manufacturing bases and expertise in food packaging innovation, Fest by SCGP is poised to expand collaborations with food manufacturers. SCGP assures customers of cleanliness, safety, and environmental friendliness. This approach not only bolsters business growth but also improves the quality of life for people and collectively contributes to a sustainable environment.