News Notice of 2025 Annual General Meeting of Shareholders (The 32nd Meeting) of SCG Packaging Public Company Limited Loading Data… https://investor.scgpackaging.com/storage/content/downloads/shareholders-meetings/2025/20250221-scgp-agm2025-invitation-full-en.pdf Subject The Schedule of 2025 Annual General Meeting of Shareholders (The 32nd Meeting) To Shareholders Attachments 1. 2024 Annual Report (Form 56-1 One Report) and 2024 Sustainability Report (QR Code) 2. Profiles of the nominated candidates for the election of the Directors in replacement of those to be retired by rotation 3. Profiles of the Auditors proposed for the year 2025 4. Profiles of the Independent Directors proposed by the Company to act as Proxy for Shareholders 5. Company’s Articles of Association relating to the General Meeting of Shareholders 6. Documents Required to Attend the Meeting, Appointment of Proxy, Submission of Meeting Attendance Request Form (E-Request), and Voting, Counting, and Announcement of the Vote for Meeting via Electronic Media (E-Meeting) 7. Procedures for Submitting Meeting Attendance Request Form (E-Request) and Using Electronic Meeting Systems (E-Meeting) 8. Proxy Form A and Form B as specified by the Department of Business Development, Ministry of Commerce 9. Form for submission of questions in advance of the 2025 Annual General Meeting of Shareholders 10. Requisition Form of Notice of the 2025 Annual General Meeting of Shareholders and/or 2024 Annual Report (Form 56-1 One Report) and/or 2024 Sustainability Report 11. Contact Information The Board of Directors Meeting on Tuesday, January 28, 2025, resolved that the 2025 Annual General Meeting of Shareholders (The 32nd Meeting) shall be held on Tuesday, March 25, 2025, at 14:30 hours via electronic media (E-Meeting) only, in compliance with the Articles of Association of the Company, Clause 21, the Emergency Decree on Electronic Meetings B.E. 2563 (2020) and other related laws and regulations, to consider matters according to the agenda together with the Board of Directors’ opinions as follows: Agenda 1: To acknowledge the Company’s Annual Report for the year 2024 Board of Directors’ opinion: requests the Meeting to acknowledge the Company’s 2024 Annual Report stating the Company’s performance and major changes during the year 2024. Agenda 2: To consider and approve the Financial Statements for the year ended December 31, 2024 Board of Directors’ opinion: requests the Meeting to approve the financial statements for the year ended December 31, 2024, as audited and certified by the auditors and reviewed by the Audit Committee. Agenda 3: To consider and approve the allocation of profit for the year 2024 Board of Directors’ opinion: requests the Meeting to approve the full year 2024 dividend payment at the rate of 0.55 Baht per share. The final dividend payment shall be 0.30 Baht per share and made on April 21, 2025. Agenda 4: To consider and elect the Directors in replacement of those to be retired by rotation Board of Directors’ opinion: requests the Meeting to re-elect Mr. Prasarn Trairatvorakul, Mr. Vanus Taepaisitphongse and Mr. Vibul Tuangsitthisombat to be directors and independent directors of the Company for another term, and elect Mr. Rapee Sucharitakul to be a director and independent director in replacement of Mrs. Pongpen Ruengvirayudh. Agenda 5: To consider and appoint the Auditors and fix the Audit Fees for the year 2025 Board of Directors’ opinion: requests the Meeting to appoint Ms. Sureerat Thongarunsang or Ms. Pornthip Rimdusit or Mr. Songchai Wongpiriyaporn of KPMG Phoomchai Audit Ltd. to be the Company’s auditors and to approve the audit fees of 2,906,000 Baht for the year 2025 as recommended by the Audit Committee. Agenda 6: To consider and approve the remuneration of the Company’s Directors and Sub-committee members for the year 2025 Board of Directors’ opinion: requests the Meeting to approve the retention of the remuneration of the Directors and Sub-committee members for the year 2025 pursuant to the rules and rates previously approved by the Meeting of Shareholders, and to approve the remuneration of Risk Oversight Committee under the same rules and rates as the remuneration of the Corporate Governance and Nomination Committee and the Remuneration Committee, as recommended by the Corporate Governance and Nomination Committee. Agenda 7: To consider and approve the amendment of the Company’s Objectives Board of Directors’ opinion: requests the Meeting to approve the amendment to the Company’s objectives by adding 1 new objective, increasing the total from the existing 54 objectives to 55 objectives. All shareholders are cordially invited to attend the 2025 Annual General Meeting of Shareholders (The 32nd Meeting) via electronic media (E-Meeting) only, on Tuesday, March 25, 2025, at 14:30 hours. (The Company has not arranged any meeting room.)* The meeting attendance request form and other required documents can be submitted via E-Request in advance beginning from Tuesday, March 18, 2025, at 08:30 hours until the meeting is adjourned. After your submitted request form has been verified and approved, the registered shareholder or proxy will receive an approval notification email containing information about username and password and a link to register and attend the meeting on the meeting day (March 25, 2025). The electronic conference system will be accessible on Tuesday, March 25, 2025, at 12:30 hours until the meeting is adjourned. Proceed with the E-Request at https://con.inventech.co.th/SCGP389212R/#/homepage For shareholders who wish to appoint a proxy to attend and vote on their behalf in the meeting, kindly complete and duly sign either Proxy Form A or Form B provided herewith as Attachment No. 8 or download them at www.scgpackaging.com and execute only one of the aforementioned forms. Then, submit the meeting attendance request form and other required documents via E-Request and submit the completed Proxy Form with the required documents to the Company in advance so that the Company receives them by Monday, March 24, 2025. For your convenience, the Company will facilitate the affixing of stamp duty to the Proxy Form submitted to the Company. Shareholders or proxies can find the details about documents required to attend the meeting, appointment of proxy, submission of meeting attendance request form (E-Request), and Voting, Counting, and Announcement of the Vote for Meeting via Electronic …
Author Archives: SCGP 1
SCGP Recognized for Global Sustainable Growth, Ranked Top 1% in S&P Global for Containers & Packaging, Listed in MSCI Global Small Cap Indexes
News SCGP Recognized for Global Sustainable Growth, Ranked Top 1% in S&P Global for Containers & Packaging, Listed in MSCI Global Small Cap Indexes Loading Data… SCGP has achieved quality growth and global sustainability recognition, ranking in the Top 1% of the S&P Global assessment for the Containers & Packaging industry in the Dow Jones Sustainability Index (DJSI) for the third consecutive year. This achievement reflects SCGP’s commitment to its strategic direction. Additionally, SCGP has been included in the MSCI Global Small Cap Index, further enhancing investor confidence. Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited or SCGP, said that the company has gained global recognition for its commitment to sustainable business practices, as evidenced by the Dow Jones Sustainability Index (DJSI) assessment. This year, S&P Global has placed SCGP in the Top 1% of the S&P Global ranking for the Containers & Packaging industry for the third consecutive year.This achievement stems from the collective dedication and collaboration of all stakeholders in driving sustainability guided by well-defined strategies. SCGP received outstanding scores in two key dimensions: Governance, which encompasses the development and implementation of strategies focused on 3 key areas: Net Zero Initiatives, Circular Economy, and Customer Centricity & Stakeholder Engagement; and Social, focusing on developing employees’ skills to align with the company’s direction and prepare them for the emerging challenges in the industry. In addition, SCGP has been included in the MSCI Global Small Cap Index, a globally recognized benchmark compiled by Morgan Stanley Capital International (MSCI). This inclusion reflects investor confidence in SCGP’s robust business operations and adherence to environmental, social and governance framework. The evaluation criteria include factors such as trading liquidity, market capitalization, and free float availability in the capital market. “SCGP is committed to achieving quality and sustainable growth, coupled with innovation development, responsible environmental and social practices, and globally recognized governance practices. We strive to deliver long-term value to all stakeholders,” said Wichan. News Release Download Related Contents Loading Data…
SCGP Advances Sustainability Through Regenerative Agriculture, Promoting Eucalyptus as an Economic Crop to Restore Soil Health
News SCGP Advances Sustainability Through Regenerative Agriculture, Promoting Eucalyptus as an Economic Crop to Restore Soil Health Loading Data… March 2025 – In an era where agriculture faces environmental challenges, SCGP has adopted “Regenerative Agriculture” principles, focusing on the cultivation of eucalyptus, a global economic crop and key raw material in paper and packaging production. The company emphasizes soil health restoration, increasing yields, and providing stable income for farmers. Understanding the Raw Material: From Seedling to Plant “Eucalyptus is an economic plant that requires a deep understanding of its species and ecosystem,” stated Mahasan Thieravarut, Managing Director of Siam Forestry Co., Ltd., part of SCGP’s integrated forestry business. He highlighted the importance of developing and selecting tree varieties suited to different environments, such as sandy or loamy soils, to improve growth rates and the quality of raw materials for paper and packaging industries. SCGP has continually researched and developed eucalyptus varieties, dedicating 8-10 years on average to creating new strains that are more suitable for Thailand’s environment. Developed varieties, such as H32, H46, H48, and the new H50, each offer distinct advantages in disease resistance, growth speed, and adaptability to various soil types, including dry and saline soils. This enables farmers to select varieties best suited to their specific conditions. Additionally, SCGP utilizes AI and satellite technology to analyze planting areas, ensuring precise data to improve farm management practices. SCGP has established a comprehensive approach to ecosystem management, starting from promoting eucalyptus cultivation and educating farmers on soil management, variety selection, and planting techniques that help cycle nutrients within the soil. This results in higher-quality eucalyptus with greater disease and pest resistance, making it easier for farmers to manage and harvest year-round, leading to increased income and soil restoration. Eucalyptus cultivation thus plays a crucial role in supporting the economy and fostering environmental sustainability. Regenerative Agriculture Amid Climate Change The changing climate has had significant impacts on soil health and crop yields. SCGP emphasizes regenerative agricultural techniques, such as planting cover crops, reducing tillage, and using organic fertilizers to maintain soil fertility. Raphee Wanaephet, an outstanding farmer from Chom Bueng District, Ratchaburi Province, has worked with SCGP for over 10 years. She shared her experience of cultivating eucalyptus on land previously used for cassava, noting that yields of cassava increased in subsequent cycles. The fallen eucalyptus leaves and branches helped improve the soil structure. This highlights the positive impact eucalyptus has on soil and its potential benefits for water and environmental management. Raphee also expanded on his practice of planting eucalyptus alongside sugarcane and cassava, explaining that eucalyptus is easy to manage and provides long-term returns, while also restoring soil quality depleted by chemical-intensive farming. Eucalyptus thrives even on poor soils, and as he observed, the land gradually improved in quality after eucalyptus was planted. Eucalyptus helps restore soil fertility by decomposing its leaves and branches into organic fertilizer, enriching the soil with essential nutrients. Furthermore, the deep but small root system of eucalyptus helps prevent soil erosion and increases the soil’s water retention capacity. Eucalyptus Cultivation and Care Guidelines Eucalyptus requires proper care from planting to harvesting. SCGP has developed methods to optimize yield efficiency, with the following key steps:1. Soil Preparation: Plow and level the soil before planting to ensure optimal root development.2. Planting: Use planting distances of 3×3 meters or 3×2 meters, depending on the space and the farmer’s needs.3. Care and Maintenance: For the first three months, control weeds and apply appropriate fertilizers. After this period, eucalyptus can grow independently with rainfall.4. Impact Assessment: Monitor soil health, greenhouse gas reductions, and overall yield.SCGP also uses technology and tools to evaluate the impact of regenerative agricultural practices. It has been found that one acre of eucalyptus can absorb up to 4.15 tons of CO2 per year. Additionally, SCGP has conducted research and developed trial plots to identify the best planting methods for various environments. Empowering Farmers for Sustainable Growth Small-scale farmers can access seedlings suited to their local conditions, with secure market access for their products. They can also plant eucalyptus alongside other economic crops, such as rice, sugarcane, and cassava, to diversify income and mitigate risks. “Currently, large-scale farmers plant eucalyptus on only about 30% of their land, with the majority being smallholders,” Mahasan noted, emphasizing the advantages of growing eucalyptus as a supplemental income. Many farmers have planted eucalyptus along rice field embankments, where it serves as a supplementary income source. After 3-4 years, the eucalyptus can be harvested and sold without affecting the primary rice cultivation. “Eucalyptus has thus become an alternative crop that helps farmers earn a steady income throughout the year. Moreover, it improves soil quality on embankments, with fallen leaves decomposing into organic fertilizer that enhances soil fertility,” Mahasan concluded. SCGP’s regenerative agriculture model helps restore soil health, optimize land use, and promote environmental sustainability. It also provides farmers with income-generating opportunities, highlighting the collaboration between the private sector and farmers. This partnership is key to advancing agriculture toward a more sustainable future. Source: SD Perspectives Related Contents Loading Data…
SCGP to Invest Baht 13 Billion in Downstream Consumer-related Business, Focuses on ASEAN Domestic Growth, and Expands in High-Potential Markets-Foodservice Packaging & Medical Supplies and Labware
News SCGP to Invest Baht 13 Billion in Downstream Consumer-related Business, Focuses on ASEAN Domestic Growth, and Expands in High-Potential Markets-Foodservice Packaging & Medical Supplies and Labware Loading Data… SCGP has set an investment budget of Baht 13,000 million to expand business opportunities and enhance machinery, and strengthen the downstream consumer-related business. The Company is focusing on ASEAN domestic growth, where demand for packaging continues to rise in line with economic growth. SCGP will continue expanding in foodservice packaging, medical supplies and labware business—both of which have continuously high growth potential.Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited or SCGP, provided an update on the company’s business outlook during the SET Opportunity Day event, organized by the Stock Exchange of Thailand on March 4, 2025. He said that for this year, SCGP has allocated an investment budget of Baht 13,000 million, with Baht 8,000-10,000 million designated for merger and partnership (M&P), as well as production capacity expansion. The company will focus on investing in the expanding of downstream consumer-related business and growth in the ASEAN region while strengthen chain integration and access new growth markets. SCGP plans to execute one to two M&P deals this year and has set aside Baht 3,000-5,000 million to enhance machinery efficiency, develop technology and innovation, and support ESG target. SCGP is firmly dedicated to boosting profitability by continuously expanding its consumer packaging business while focusing on sales across key ASEAN domestic markets, such as Thailand, Vietnam, Indonesia, and the Philippines. These markets have demonstrated sustained growth in packaging demand (ASEAN Domestic Growth), driven by economic expansion and increasing of international trade. Over the past year, ASEAN’s GDP grew by more than 5%, while SCGP’s domestic sales volume in the region, particularly for packaging paper, paper and polymer packaging, increased by over 10%. In addition, SCGP is investing in high-growth segments such as foodservice packaging and medical supplies and labware. Following its investment in VEM Thailand Co., Ltd., a manufacturer of high-performance polymer injection molding parts, SCGP has leveraged its expertise in polymer packaging to develop further and enhance production processes. As a result, SCGP has successfully produced a wider range of high-quality medical supplies and labware that meet customer needs, such as containers & samplings and pipette tips.SCGP has focused on enhancing production efficiency and supply chain excellence by integrating Artificial Intelligence (AI) and data analytics to improve energy management in manufacturing process and analyze key operational data. SCGP is also prioritizing innovation developments and solutions by improving production efficiency and packaging design to create differentiation, enhance customer experience, and enhance profitability. SCGP has set a target for revenue from innovation and solutions-based products to account for 37% of total revenue. It will also continue to achieve Environmental, Social and Governance (ESG) initiatives in line with circular economy principles, increase the carbon footprint of products, and boost the proportion of alternative fuel usage to 39% of total fuel consumption this year. News Release Download Related Contents Loading Data…
SCGP Joined Hands with Isuzu Motors Co., (Thailand) Ltd. Signing MOU to Drive Sustainability and Circular Economy
News SCGP Joined Hands with Isuzu Motors Co., (Thailand) Ltd. Signing MOU to Drive Sustainability and Circular Economy Loading Data… SCGP, led by Mr. Danaidej Ketsuwan, Chief Financial Officer, who is also in charge of the packaging material recycling business, and Isuzu Motors Co., (Thailand) Ltd. (IMCT), led by Mr. Hajime Machimura, Executive Vice President, along with other executives, signed a Memorandum of Understanding (MOU) to drive sustainable development and promote the country’s economy holistically through the efficient and cost-effective management of resources. This collaboration reflects a business approach that prioritizes the environment. Both organizations will leverage their potential and expertise to work together in driving Thailand toward a tangible and sustainable future. Related Contents Loading Data…
Upcycle Your Style with Eco-Chic Paper Band Bags made from byproducts!
Upcycle Your Style with Eco-Chic Paper Band Bags made from byproducts! Loading Data… SCGP has inspired and encouraged communities to turn paper bands into materials for handcrafted woven products. This initiative is part of the community enterprise development project, aimed at enhancing community empowerment, generating income for locals, and increasing the value of byproducts from industrial residual materials in line with the Circular Economy principle.Paper Band Bags are suitable for any occasion, whether for work, going to a café, or traveling in style. Join us in supporting community-made products and promoting sustainable resource usage by using paper band bags. Explore various sizes and over 30 designs in the catalog. For more information, please contact Email: [email protected] | Website: www.SCGPackaging.com Paper Band Catalog Download Related Contents Loading Data…
SCG Partners with Central Region FTI to Launch Go Together Project, Showcasing Carbon Reduction Processes and Inviting SMEs to Enhance Competitiveness and Transition to a Low-Carbon Society
News SCG Partners with Central Region FTI to Launch Go Together Project, Showcasing Carbon Reduction Processes and Inviting SMEs to Enhance Competitiveness and Transition to a Low-Carbon Society Loading Data… SCG, in collaboration with the Federation of Thai Industries (FTI) Central Region, opened its Ban Pong factory in Ratchaburi province, part of SCGP, a comprehensive sustainable packaging solutions provider in ASEAN, to over 80 SME entrepreneurs from Ratchaburi, Samut Sakhon, Phetchaburi, and Nakhon Pathom provinces. The “Go Together Growing Together for a Sustainable World” project allows participants to learn from real experiences while exchanging ideas and receiving close consultation from experts to enhance competitiveness and transition to a low-carbon society. The event was honored by the presence of Mr. Apisit Techanithisawat, Chairman of the Central Region FTI, along with Mr. Chana Poomee Chief Sustainability Officer at SCG, Mr. Sanit Kessuwan, Go Together Project Director, Mr. Pakawat Paseephol, Banpong Mill Director of Siam Kraft Industry Company Limited in SCGP, and Mr. Sunthorn Yongvibulsiri, ESG and Sustainability Director, SCGP, along with executive management welcoming visitors at SCGP Ban Pong Factory, Ratchaburi Province.Mr. Chana Poomee said, “SCG operates under the Inclusive Green Growth approach, aimed at elevating SME entrepreneurs to transition to a low-carbon society by appropriately utilizing knowledge and technology, learning from SCG’s examples, and implementing them directly. Opening our facilities nationwide to SMEs demonstrates which projects are beneficial for carbon reduction while also reducing costs, thus minimizing investment risks for SMEs.” Mr. Sunthorn Yongvibulsiri stated, “SCGP focuses on transitioning to a low-carbon society and sustainable energy management through three main strategies: 1) Using alternative fuels to replace fossil fuels, such as Biomass and production waste materials, 2) Utilizing technology and Artificial Intelligence (AI) to improve production efficiency, resulting in reduced energy consumption, and 3) Using raw materials from commercial forests, which act as carbon sinks and can offset greenhouse gas emissions.” During this visit, entrepreneurs studied actual operations and learned about SCGP’s environmentally friendly management approaches, such as efficient resource utilization, circular economy application, and the use of technology and AI in industry to enhance business operations. Examples of solutions that entrepreneurs can implement include:• Electricity generation process from paper production waste materials• Automated solar panel cleaning robots to reduce accidents and improve solar panel efficiency• Low-carbon products, such as environmentally friendly items that use fewer resources and energy, are recyclable and biodegradable, beneficial for SMEs to use as raw materials or components in their productionThe Go Together project aims to allow entrepreneurs from all regions nationwide to study environmentally friendly management processes, exchange experiences, and build strong alliances leading to sustainable development of Thai industry. The project is supported by the Federation of Thai Industries and receives cooperation from the Thai Bankers’ Association in promoting Green Finance funding to support overall economic growth and create sustainable growth together. Related Contents Loading Data…
SCGP joins hands with the Department of Industrial Works, preparing for the use of E-Nose innovation to detect factory odors in real-time, providing knowledge and demonstrating comprehensive installation and usage methods.
News SCGP joins hands with the Department of Industrial Works, preparing for the use of E-Nose innovation to detect factory odors in real-time, providing knowledge and demonstrating comprehensive installation and usage methods. Loading Data… On January 27, 2025, Mr. Surasak Amawat, Technology Digital and Productivity Director of SCG Packaging Public Company Limited (SCGP), welcomed officials from the Department of Industrial Works and training participants. Mr. Teeratas Israngkul Na Ayudhya, Deputy Director General of the Department of Industrial Works, presided over the opening of the training on the installation and use of the smart nose device, or E-Nose, at the SCGP Excellence Training Center in Ban Pong District, Ratchaburi Province. The collaboration stems from the Memorandum of Understanding between SCGP, the Department of Industrial Works, Thammasat University, and King Mongkut’s Institute of Technology Ladkrabang, signed on January 18, 2022, to jointly develop the E-Nose to address odor complaints. Some odors are undetectable by the human nose and may contain chemicals that can affect health. The training was organized to explain the components, operation, and steps of the odor measurement and monitoring system, as well as to establish criteria for controlling odor intensity without affecting the community. The demonstration included instructions on how to use the E-Nose device, along with maintenance methods and equipment inspection. The training provided participants with the knowledge and understanding needed to enhance their skills and apply them effectively in their work.Following this, SCGP is preparing to deliver the E-Nose device to the Department of Industrial Works for testing in factories that have filed complaints. For more information, please contact Settawut Attapaiboon Phone: 062-4653999 Email: [email protected] เนื้อหาที่เกี่ยวข้อง Loading Data…
SCGP recognized Thailand’s Top Corporate Brands 2024 for the Highest Brand value in the Packaging Category
News SCGP recognized Thailand’s Top Corporate Brands 2024 for the Highest Brand value in the Packaging Category Loading Data… Professor Dr. Wilert Puriwat, President of Chulalongkorn University, presented the Thailand’s Top Corporate Brands 2024 honorary plaque to Mr. Ekaraj Niroj, Chief Marketing Officer of SCGP, for achieving the highest corporate brand value in the packaging category, amounting to THB 100,594 million. This award program is organized by Chulalongkorn Business School’s Master in Branding and Marketing (MBM) Program, the Stock Exchange of Thailand (SET), and Manager Online to quantify brand value by systematically integrating marketing, financial, and accounting principles. This evaluation influences decision-making for partners, investors, and stakeholders while encouraging organizations to enhance their brand for long-term sustainability. SCGP continues to drive innovation in products and services, offering a broad and diversified portfolio, combined with sustainable business operations to ensure consistently excellent customer experiences and strengthens trust in the SCGP brand among customers and consumers. Related Contents Loading Data…
SCGP Announces 2024 Results with Revenue Up 3%, Dividend Declared at 0.55 Baht per Share, Driving Expansion in Packaging for Consumer-Linked Products
News SCGP Announces 2024 Results with Revenue Up 3%, Dividend Declared at 0.55 Baht per Share, Driving Expansion in Packaging for Consumer-Linked Products Loading Data… SCGP announced the operating results for 2024, achieving total revenue from sales of Baht 132,784 million and profit for the year of Baht 3,699 million, along with a dividend payment of 0.55 Baht per share, representing 63.8% of profit. Over the past year, SCGP successfully navigated challenging circumstances by strengthening the consumer-linked product portfolio, such as food & beverage packaging as well as consumer packaging, expanding packaging and medical and supplies business, and focusing on boosting sale volume in domestic markets, e.g. Thailand, Indonesia, Vietnam, and the Philippines. These efforts solidified SCGP’s position as a leader in the ASEAN packaging market share. Looking ahead, SCGP is confident in achieving business growth in 2025, driven by the recovery of the packaging market. SCGP has set an EBITDA target of Baht 18,000 million and outlined four key strategies: 1) Expanding domestic markets and downstream products, 2) Enhancing operational excellence through data analytics and Artificial Intelligence (AI) to increase business opportunities and cost saving by up to Baht 600 million, 3) Developing innovations, solutions, and low-carbon products to meet customer demands, and 4) Advancing ESG initiatives by increasing the use of alternative fuel to reach 39%. Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited or SCGP, said that the overall packaging industry in 2024 saw improving domestic market demand in ASEAN. This growth was driven by domestic consumption, the recovery of tourism, and export activities. However, in the second half of the year, factors such as exchange rates of the Thai Baht and other ASEAN currencies, coupled with a slower-than-expected economic recovery in China, impacted to lower export volumes and the regional pricing of packaging paper. In the fourth quarter of 2024, ASEAN domestic market demand increased compared to the third quarter, particularly in the food & beverage and fast-moving consumer goods (FMCG) segments. Meanwhile, demand for packaging paper from China showed signs of recovery, with import volumes trending upward especially in December due to increased consumption and continued implementation of economic stimulus policies.Last year, SCGP handled the dynamic changes in the business environment by adjusting its marketing strategies to focus on domestic market within ASEAN to cater to the increasing demand for packaging. This approach enabled SCGP to boost sale volume for packaging paper, fiber packaging, and polymer packaging, further reinforcing SCGP’s leadership position in the ASEAN packaging market share. SCGP also diversified its portfolio by increasing investments in consumer-linked product categories such as food & beverages, fast-moving consumer goods (FMCG), and high-potential segments like healthcare supplies. SCGP broadened its export reach to new markets in South Asia, including India and Bangladesh, and adopted technology to enhance efficiency and reduce production costs. In terms of recovered paper management (RCP), SCGP established partnerships to increase the sourcing and use of locally recovered paper. Furthermore, the company is undergoing capital restructuring to reduce financial costs in Indonesia. In 2024, SCGP achieved revenue from sales of Baht 132,784 million, a 3% increase compared to the previous year. EBITDA stood at Baht 16,127 million, representing a 9% decline from the previous year, while profit for the year was Baht 3,699 million, a decrease of 30% from the previous year. For the fourth quarter of 2024, SCGP reported a revenue from sales of Baht 31,231 million, a 2% decrease YoY. EBITDA for the quarter was Baht 2,845 million, down 35% YoY, and loss for the period was Baht 57 million, a decrease of 105% YoY. This decline was primarily due to higher recovered paper costs, lower selling prices of packaging paper, and reduced contributions from operations in Indonesia and the recycling business. In consideration of the FY2024 financial performance, the Board of Directors has proposed for shareholder approval at the Annual General Meeting (AGM), a full year 2024 annual dividend payment of 0.55 Baht per share, of which 0.25 Baht per share was previously paid as an interim dividend on 21 August 2024. The final dividend payment of 0.30 Baht per share will be on 21 April 2025, record date of 2 April 2025, and XD-date of 1 April 2025. Wichan added that the packaging industry is expected to see a positive outlook in the first quarter of 2025, driven by increased consumption in ASEAN markets, supported by government measures to stimulate spending and rising demand for packaging paper in China. Meanwhile, the European economy is anticipated to grow gradually due to declining inflation rates and easing interest rates. However, close monitoring is required for potential impacts from trade tariff measures on imported goods, which may affect global supply chains. Meanwhile, energy prices and logistics costs are expected to remain stable. In 2025, SCGP has allocated a total investment budget of Baht 13,000 million and aims to increase EBITDA to Baht 18,000 million. The company implements four core strategies to achieve quality growth: 1) Profitability Enhancement in ASEAN: SCGP will focus on markets in Thailand, Indonesia, Vietnam, and the Philippines and expanding its portfolio of consumer-linked products, while also exploring new high-potential markets, including healthcare supplies. 2) Operational and Supply Chain Excellence: SCGP will improve production costs and energy efficiency through the adoption of advanced technologies such as data analytics and artificial intelligence (AI). These measures are expected to enhance business opportunities and cost saving by approximately Baht 600 million in 2025; 3) Innovation, Solutions, and Customer Experience: SCGP continues to focus on developing innovations, processes, and services that enhance customer experience and create differentiation to drive value creation and profitability. SCGP has allocated a budget for research and development of packaging innovations, equivalent to 1% of its annual revenue. For 2025, SCGP aims for 37% of its total revenue to come from its innovation and solutions-based product categories; and 4) ESG & Circular Economy: SCGP is committed to developing certified carbon footprint products and targets increasing the use of alternative fuel to 39% of its total energy …