Charting Fajar Paper’s Future Loading Data… The Journey and Growth at Fajar Paper Mr. Yustinus is the three-decade architect behind Fajar Paper’s transformation from a two-machine operation into an industry leader. Now, in his second term as President Director – Fajar member of SCGP, his tenure is defined by successfully navigating financial crises, leading expansion, and masterfully executing complex ownership transitions. His foundation was built on a Master of Industrial Engineering from the Georgia Institute of Technology and a Master of Business Administration from the State University of New York, followed by expertise in business system integration at Andersen Consulting. He joined Fajar Paper in 1995 as an engineer, mastering production and logistics. The true test of his strategic acumen came during the 1998 Asian financial crisis. His crisis leadership culminated in his promotion to Chief Operating Officer in 2010 and finally taking the ultimate helm as President Director in 2014 and 2024, solidifying his role as the key leader. “The 1998 Asian financial crisis called for innovative solutions, with the domestic market collapsing and the currency exchange depreciating around 600 percent. The impact was severe, as most of the company’s debt was in US Dollars. After a change in management, I was appointed as Marketing Director. From then on, I took on additional assignments over production planning, logistics, and domestic recycling material sourcing, implementing improvements from manual systems to a computer system. In 2010, I was appointed as Chief Operating Officer (COO), managing all mill operations except Finance and Sourcing. Then, in 2014, I was appointed as President Director. “Since 1995, Fajar Paper dramatically increased its capacity from two machines to six machines. We navigated many challenging milestones. Despite a financing freeze on the paper industry between 1998 and 2007, we expanded to our fourth machine (BM7) in 2007. I was part of the team that went on a roadshow to secure a bond issuance for the expansion. The company successfully issued a bond, making it the first paper company in Indonesia to do so for expansion during that period. Later, in 2015, the business faced extreme headwinds as consumer goods were down, paper prices dropped, and costs rose. To combat this while constructing BM8, we launched a new revolutionary innovative product: high-performance lightweight paper. This breakthrough involved substituting higher grammage paper with similar-strength, lower grammage paper. This pioneering product helped Fajar Paper pass the crisis, establishing us as the pioneer of lightweight paper in Indonesia.” Under the guidance of the founder, Mr. Winarko Sulistyo, he gained comprehensive exposure to challenging situations, which compelled him to master nearly every facet of the company. In 2019, following SCGP’s Merger & Partnership, he was appointed as the Operational Director, tasked primarily with ensuring a smooth organizational transition and maintaining legal compliance. In 2024, he was reappointed as President Director. His main responsibility is the crucial task of guiding the company back to positive EBITDA and subsequent profitability. Adapting Leadership Style “My leadership style has evolved across three stages. First was the Authoritative style, heavily influenced by the founder. Given our debt and strong competitors, every move had to be fast and executed precisely—we were in the war every day. While this hands-on, directive style helped us pass several crises. “Next is the transition period to SCGP in 2019, I shifted to a Transformation Style, focusing on communicating the vision change from a stand-alone company to a part of the SCGP family. “Now, targeting a turnaround, my style is a combination of Transactional and Authoritative. Management sets clear targets, rewarding achievements, but retaining the authoritative approach where speed is needed to get jobs done faster and more efficient.” Business Outlook and Our Competitive Edge The Indonesian packaging business is significantly shaped by Fajar Paper, which commands approximately 32 percent of the domestic market share. The current market environment is severely challenged by an oversupply of nearly two million tons. Despite these immediate pressures, the long-term outlook for the region remains positive, with Indonesia’s growth projected at 4.7 percent in 2025. Fajar Paper retains a very strong brand presence, earning deep respect from customers, who often refer to the company as their “big brother”—reflecting the close and enduring bonds built over time. “Our customer relationship and commitment are our strongest competitive advantage. Since most packaging factories are owner-run. They want quick, simple communication, and we provide a convenience, where owners can contact me directly for quick decisions. We also offer services and solutions, including just-in-time delivery, which minimizes our alliance customers’ inventory and working capital. Our product is sustainably sourced and approved, a key requirement for multi-national companies, enhancing our competitive advantage.” Work Guiding Principles and Message to SCGP Staff “I have two work guiding principles. My first is ‘there is no such thing as impossible, only unwilling’. Many people prematurely claim things are impossible. I was taught the value of persistence, and I push the team to try as much as possible—it may be hard, but as long as it is doable, we should go for it. My second guiding principle is ‘try your best, and God will do the rest’. It is a religious belief. When I try my best, I won’t regret the outcomes, knowing some things are beyond my capabilities, and I believe God will help when you do something good with your best efforts and in God’s way. “As my senior advised me, everyone was hired to be a CEO. Therefore, you must strive to develop and challenge yourself to put in the necessary extra effort and time for significant achievements. Always grab opportunities to expand your knowledge. Finally, adapt to new technologies and embrace cultural differences, since SCGP will always be at the forefront in applying new technologies and operates in many countries with different cultures.” News Release ดาวน์โหลด เนื้อหาที่เกี่ยวข้อง Loading Data…
Author Archives: SCGP 1
SCGP Partners with Navamindradhiraj University’s Faculty of Medicine Vajira Hospital to Advance Healthcare Innovations and Products
SCGP Partners with Navamindradhiraj University’s Faculty of Medicine Vajira Hospital to Advance Healthcare Innovations and Products Loading Data… SCGP strengthens its collaboration with the Faculty of Medicine Vajira Hospital, Navamindradhiraj University, to advance research, innovation, and Healthcare products that address real-world clinical needs, enhance business value, and contribute to the development of Thailand’s public healthcare system. This collaboration follows the signing of a memorandum on research and innovation on 29 September 2025, with the objective of developing comprehensive medical products, services, and solutions from concept and design to testing and practical implementation in clinical settings. Discussions between both parties have led to the identification of 3 key areas of collaboration: 1. New Product Development (NPD)For example, the design and improvement of medical sample collection products, disposable bed sheets with an enhanced fit to prevent slipping, and cervical collars tailored to the body proportions of Thai patients. 2. Lab ServicesFor example, biocompatibility testing for medical devices and the integration of SCGP’s laboratory network to support end-to-end medical product development. 3. Education and research to support sustainable growthFor example, organizing joint training programs to develop students and medical professionals in terms of innovation development knowledge, as well as providing training on the proper use of SCGP products such as syringes and needles, in order to enhance understanding and usage standards among students and healthcare personnel. Related Contents Loading Data…
SCGP Announces Strong 2025 Performance, Declares Dividend of 0.60 Baht per Share, Highlights Consumer Packaging, Using Robotics-Cobot-Automation to Enhance Production Efficiency
SCGP Announces Strong 2025 Performance, Declares Dividend of 0.60 Baht per Share, Highlights Consumer Packaging, Using Robotics-Cobot-Automation to Enhance Production Efficiency Loading Data… SCGP announced strong operating results for 2025, achieving total revenue from sales of Baht 124,374 million, EBITDA of Baht 17,210 million, and profit for the year of Baht 4,069 million. The performance was driven by continued growth in domestic consumption and exports, together with improved cost management efficiency. The Company plans to pay a dividend of 0.60 Baht per share. For 2026, SCGP has set a total investment budget of Baht 10,000 million and an EBITDA target of Baht 18,300 million. SCGP will continue to advance its strategy to expand consumer packaging businesses, integrate production across the entire value chain, exercise disciplined cost management, and enhance manufacturing efficiency through the adoption of robots, collaborative robots (cobots), and automation systems to strengthen competitiveness and deliver integrated solutions that meet customer needs.Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited or SCGP, said that the overall packaging industry outlook in 2025 indicates growing demand across the ASEAN region, driven by domestic consumption and export activities. However, packaging prices continue to face market pressure. In the fourth quarter of 2025, Vietnam and Indonesia recorded increased demand for food, beverage, and fast-moving consumer goods (FMCG) packaging, supported by strong economic growth, inventory buildup ahead of festive seasons, and a gradual recovery in demand for packaging paper from China. Meanwhile, demand in Thailand softened due to flooding and more cautious consumer spending.SCGP continued to execute disciplined management practices, effective cost control, and agile adaptation to changing market conditions. These efforts resulted in higher sales volumes and improved capacity utilization. SCGP also continued to expand its consumer products and packaging businesses to enhance capability and strengthen its core businesses in line with its strategic plan. In 2025, SCGP completed several strategic investments, including the acquisition of a 100% stake in PT Prokemas Adhikari Kreasi (MYPAK), increasing its shareholding in Duy Tan Plastics Manufacturing Corporation (Duy Tan) from 70% to 100%, and entering into a 25% joint venture with Howa Sangyo Co., Ltd. (HOWA) from Japan to produce advanced flexible packaging for the wet pet food market. SCGP also invested in establishing a syringe production base with an annual capacity of 180 million syringes at the manufacturing facility of VEM (Thailand) Co., Ltd. SCGP also benefited from lower recovered paper costs and declining energy prices. However, due to a decrease in selling prices for packaging products, total revenue from sales in 2025 amounted to Baht 124,374 million, representing a decrease of 6%YoY. EBITDA reached Baht 17,210 million, increasing by 7%YoY, while profit for the year amounted to Baht 4,069 million, an increase of 10% YoY.For the fourth quarter of 2025, SCGP reported total revenue from sales of Baht 30,170 million, a decrease of 3%YoY. EBITDA amounted to Baht 4,567 million, representing an increase of 61%YoY, while profit for the period was Baht 1,206 million, increasing YoY. The improvement was supported by a recent acquisition of MYPAK, reflecting the effectiveness of the Company’s investment strategy. Previous slide Next slide The Board of Directors has resolved to propose to the Annual General Meeting of Shareholders for approval the payment of an annual dividend for 2025 at the rate of 0.60 Baht per share, of which 0.25 Baht per share was previously paid as an interim dividend on 27 August 2025. The final dividend payment of 0.35 Baht per share will be on 21 April 2026, record date of 1 April 2026, and XD-date of 31 March 2026.Wichan added that the overall outlook for the packaging industry in the first quarter of 2026 is expected to remain growth, driven by continued growth in domestic consumption across ASEAN markets, a favorable ASEAN economic growth outlook, and increasing demand for packaging paper from China. Packaging prices and logistics costs are expected to remain stable. SCGP aims to increase the average capacity utilization rate of its packaging paper operations to approximately 90%, up from 87–91% in 2025. Sales volumes in Vietnam and Indonesia are expected to be broadly in line with the previous quarter, as Vietnam observes the Tet holiday period and Indonesia celebrates Hari Raya. Meanwhile, demand in Thailand is expected to receive support from the Songkran festival as well as economic stimulus measures following the formation of the new government.SCGP has allocated a total investment budget of Baht 10,000 million for 2026, covering mergers and partnerships (M&P), business expansion, and machinery efficiency improvements, with a targeted EBITDA of Baht 18,300 million. SCGP sees opportunities to expand investments in Vietnam and Indonesia, as well as to broaden its market presence in India, where the overall economic outlook is expected to demonstrate strong and resilient growth. SCGP will prioritize investments in consumer packaging segments to enhance capabilities and strengthen production integration. In parallel, SCGP has set strategies to improve manufacturing efficiency and cost management through the adoption of robots, collaborative robots (cobots), and automation systems across production processes. These technologies will enable more reliable packaging quality control, improved raw material management, cost reduction, and consistent delivery of high-quality products to customers. The deployment of such technologies will be expanded further across overseas plants. In addition, SCGP continues to actively manage costs, including new strategic energy mix in Indonesia, with cost-saving benefits expected to be realized from January 2026 onward.SCGP continues to drive its sustainability agenda across the entire value chain through collaboration with customers in the consumer goods and export packaging segments, encompassing 15 projects. These initiatives cover the development and enhancement of environmentally friendly packaging innovations, the recovery and reuse of resources for recycling, the co-development of automation systems to improve manufacturing efficiency, and the certification of Carbon Footprint of Products (CFP). In addition, SCGP has developed laboratory capabilities to provide testing and certification services for packaging paper in accordance with Thailand Green Label standards under the Thailand Environment Institute (TEI). SCGP has also applied the Extended Producer Responsibility (EPR) approach to promote efficient resource utilization …
International Healthcare Products Co., Ltd. donates laboratory equipment to King Chulalongkorn Memorial Hospital
International Healthcare Products Co., Ltd. donates laboratory equipment to King Chulalongkorn Memorial Hospital Loading Data… International Healthcare Products Company Limited in SCGP has donated laboratory equipment to King Chulalongkorn Memorial Hospital, The Thai Red Cross Society, to support patient testing, analysis, and diagnosis. This initiative aligns with the company’s commitment to conducting business alongside social responsibility by supporting the public healthcare sector and medical professionals, contributing to the improvement of people’s quality of life and strengthening the nation’s healthcare security. Related Contents Loading Data…
SCGP Receives TIS 9999 Standard Certification, Reflecting Sustainable Business Practices
SCGP Receives TIS 9999 Standard Certification, Reflecting Sustainable Business Practices Loading Data… SCGP receives certification under the Guidance on sufficiency economy philosophy, TIS 9999 (Guidance on sufficiency economy for industries, TIS. 9999), marking another significant milestone in conducting business based on balance, stability, and sustainability. This achievement is the result of strong collaboration across all functions, which are driving the organization in the same direction through shared concepts and concrete practices. TIS 9999 is a standard certified by the ISO Certification Institute and serves as guidance based on the Sufficiency economy philosophy. It is founded on three core principles: moderation, reasonableness, and self-immunity, underpinned by the conditions of knowledge and morality. The objective is to enable organizations to grow while caring for society and the environment in line with sustainable development principles. This certification demonstrates SCGP’s management strategy that emphasizes business efficiency while placing importance on long-term value creation and balanced, sustainable responsibility toward all stakeholders, leading to shared success. Related Contents Loading Data…
SCGP Partners with Ajinomoto (Thailand) to Advance Automation and Eco-Friendly Packaging Toward Sustainability
SCGP Partners with Ajinomoto (Thailand) to Advance Automation and Eco-Friendly Packaging Toward Sustainability Loading Data… SCGP partners with Ajinomoto (Thailand) Co., Ltd. a global leader in the creation of “Eat Well, Live Well” to enhance operational efficiency while advancing environmental sustainability through the co-development of automation systems for product packaging and palletizing, as well as machine performance monitoring systems that support effective preventive maintenance planning. The collaboration also focuses on reducing greenhouse gas emissions by promoting eco-friendly packaging, including the calculation of the Private Declaration Label for the Carbon Footprint of Products (CFP) certified by SCGP, along with the transition to electric delivery trucks (EV truck), contributing to positive long-term environmental impact. Related Contents Loading Data…
SCGP Receives Preferred Supplier Award from OLIC, Reinforcing Sustainable Packaging Partnership
SCGP Receives Preferred Supplier Award from OLIC, Reinforcing Sustainable Packaging Partnership Loading Data… SCGP has received the Preferred Supplier Award from OLIC (Thailand) Limited, or OLIC, resulting from the strong collaboration in developing environmentally friendly packaging solutions. These include packaging identified with the Private Declaration Label for the Carbon Footprint of Products (CFP) certified by SCGP, which clearly discloses greenhouse gas emissions and helps enhance transparency and corporate responsibility. The initiative also supports and promotes sustainable business practices throughout the supply chain and demonstrates environmental responsibility in selection of packaging materials with greater consideration for environmental impact. The partnership contributes to OLIC’s Scope 3 emissions reduction efforts and supports its Net Zero 2050 target, alongside sustainable and responsible business growth. Related Contents Loading Data…
SCGP Establishes Go-Pak International in Vietnam to Strengthen Export and Marketing Capabilities for Foodservice Packaging
SCGP Establishes Go-Pak International in Vietnam to Strengthen Export and Marketing Capabilities for Foodservice Packaging Loading Data… SCGP continues to strengthen its growth strategy in foodservice packaging by expanding its international marketing and export capabilities. The Company has established a new subsidiary, “Go-Pak International”, to serve as a dedicated trading and marketing entity for foodservice packaging and other consumer products in Vietnam. This initiative aims to enhance product portfolio diversity, better respond to evolving customer needs to drive long-term growth and value creation.Mr. Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited or SCGP, stated that the Company continues to enhance its business competitiveness in line with its strategic growth direction. Recently, SCGP has established Go-Pak International Vietnam Company Limited, a new wholly owned subsidiary operating as a trading entity in Vietnam, with registered capital of USD 1 million (approximately THB 31.5 million). The company will focus on export sales and marketing of foodservice packaging, foodservice-related products, and other consumer goods aligned with SCGP’s strategic portfolio.“The establishment of Go-Pak International will significantly enhance SCGP’s competitive capabilities by expanding packaging solutions to better meet customer and consumer demands, strengthening international marketing and trading expertise, and unlocking cross-selling opportunities across SCGP’s business units in Vietnam. These efforts will improve supply chain efficiency, optimize cost management, create additional sales opportunities, and support sustainable long-term growth,” Mr. Wichan added. News Release Download Related Contents Loading Data…
SCGP Partners with Hatari to Promote Eco-Friendly Packaging for Sustainable Growth
SCGP Partners with Hatari to Promote Eco-Friendly Packaging for Sustainable Growth Loading Data… SCGP, in collaboration with Hatari Electric Company Limited, the owner of “Hatari,” a leading electric fan brand, aims to reduce environmental impacts by promoting environmentally friendly packaging and including packaging identified with the Private Declaration Label for the Carbon Footprint of Products (CFP) certified by SCGP. This initiative highlights a commitment to caring for society and the environment while driving sustainable business growth. Related Contents Loading Data…
SCGP and Betagro Collaborate to Develop Sustainable Packaging Solutions Advancing Toward the Net Zero Target by 2050
SCGP and Betagro Collaborate to Develop Sustainable Packaging Solutions Advancing Toward the Net Zero Target by 2050 Loading Data… SCGP is collaborating with Betagro Public Company Limited to develop environmentally friendly packaging solutions in support of the organizations’ journey toward achieving Net Zero emissions by 2050. The collaboration focuses on concrete actions to reduce environmental impacts, including minimizing the use of virgin raw materials, increasing the proportion of recycled materials, and implementing packaging identified with the Private Declaration Label for the Carbon Footprint of Products (CFP) certified by SCGP to clearly disclose greenhouse gas emissions associated with packaging. These efforts support sustainable business growth while creating long-term value for society and the environment. Related Contents Loading Data…