News SCGP Announces 129,398 MB Revenue in 2023 from Solid Consumer Packaging Sales, Strategic Cost Management and Production Efficiency Improvement Plan to Boost Annual Revenue to 150,000 MB Amid Recovering Demand in 2024 Previous slide Next slide Loading Data… SCGP announced its operating results for 2023, reporting a revenue from sales of Baht 129,398 million and a profit for the year of Baht 5,248 million. This achievement was attributed to the enhanced cost management efficiency and the strengthened network of recovered paper sources. SCGP highlighted a positive trend in packaging industry for 2024, driven by a boost in tourism and rebound in exports while inflation rates and interest rates are projected to decline. Laying out its plan for 2024 with strategic approach to drive revenue and profit, setting sales target of Baht 150,000 million. Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited or SCGP, disclosed the company’s operating results for 2023. The revenue from sales amounted to Baht 129,398 million, a decrease of 11% YoY. EBITDA stood at Baht 17,769 million, decreased 8% YoY, and the profit for the year was Baht 5,248 million, down by 10% YoY. However, EBITDA margin increased to 14% from 13% in the previous year, reflecting the focused efforts on cost management and production efficiency improvements. Sales of consumer packaging remained strong while price competition intensified in overall packaging paper industry over the past year amid high inflation and interest rates which impacted consumer purchasing power. Nonetheless, selling prices of packaging paper and pulp in the region have already passed the bottom point and are trending upward, driven by recovering demand in ASEAN and China. In the fourth quarter of 2023, SCGP reported revenue from sales of Baht 31,881 million, a decrease of 5% YoY but an increase of 1% QoQ. EBITDA was Baht 4,388 million, up by 23% YoY and increased by 4% QoQ. The profit for the period was Baht 1,218 million, an increase of 171% YoY but a decrease of 8% from last quarter. QoQ change in net profit was attributed to increased taxes and finance costs. The increase in EBITDA and profit from last year was driven by increased sales volumes across nearly all product groups, and enhanced cost management efficiency. These cost management strategies include the use of technology in the production process of packaging paper plants in Thailand, a comprehensive network of recovered paper sources that helps mitigate price impact and increase the stability of raw material supply, along with an increased proportion of biomass energy usage. During the fourth quarter of 2023, packaging industry continued to recover, especially in food and beverage sectors and consumer products, which benefited from increased spending during New Year’s festivities and rising tourism activities. Notable recoveries of domestic consumption were in Vietnam and Indonesia, with exports, particularly of frozen food and pet food, showing good recovery. However, durable goods remained stable. In consideration of the FY2023 financial performance, the Board of Directors has proposed for shareholder approval at the Annual General Meeting (AGM), a full year 2023 annual dividend payment of 0.55 Baht per share, of which 0.25 Baht per share was previously paid as an interim dividend on 22 August 2023. The final dividend payment of 0.30 Baht per share will be on 22 April 2024, record date of 3 April 2024, and XD-date of 2 April 2024. Wichan said that the overall packaging industry is expected to continue its recovery in 2024, especially in ASEAN countries, including Thailand, Vietnam, Indonesia, and also in China. Positive factors contributing to this recovery consist of stimulus policies including in tourism and an anticipated export rebound. A downward trend in inflation rates and interest rates is expected to positively impact consumer purchasing power. Meanwhile, energy and recycled paper prices are trending toward sideway up, with potential adjustments in global freight costs from ongoing geopolitical conflict in the Middle East. SCGP is ready to drive growth to achieve its 2024 revenue target of Baht 150,000 million, with investment budget of Baht 15,000 million. This growth will be fueled by strategies to expand the business in high-potential sectors including medical supplies and labware, global foodservice packaging, and bio-solutions, which is a megatrend. SCGP is committed to continuous developing innovation and solutions to enhance business capabilities, proactively manage costs, and elevate operational excellence through the use of technology. Moreover, ESG initiatives are in progress with the continual increase in alternative energy sources which helps move SCGP towards achieving its goal of Net Zero by 2050. Related Contents Loading Data…
Author Archives: SCGP 3
5 Simple Lifestyle Changes for Sustainability
News 5 Simple Lifestyle Changes for Sustainability Loading Data… 5 Simple Lifestyle Changes for Sustainability Today, a sustainable lifestyle has become a growing trend among the young generation who have become cautious of social and environmental issues. To embrace a sustainable lifestyle, look at the five following factors of our lives. If we choose wisely about these factors, we are on our path towards upholding sustainability. 1. FoodLet’s think about how our food and beverages in each meal are produced and processed, and how leftovers will be disposed. If we eat less meat and more of cereals, fruits, vegetables, or plant-based protein, we help curb excessive meat production. When we go green on our diet, it is best to opt for cooking techniques that involve minimum processing. 2. HousingBe cautious of housing materials and the number of air conditioners as well as electrical appliances we have at home. It is best to choose eco-friendly materials and use solar power instead of electricity. If possible, go for energy-saving devices and avoid emitting greenhouse gases. 3. TransportationPublic and private transport has environmental impacts. Have we still used vehicles with poor combustion systems? Let’s jump electric trains to reduce pollution. For a sustainable planet, support infrastructure that eases environmental impacts and benefits society in the long run. 4. LeisureAre our hobbies and destinations friendly to the environment? Today, some tour operators have offered ecotourism. It is possible to dive and snorkel without harming coral reefs and the natural habitats of aquatic animals. These tour operators have also banned plastic usage at attractions and national parks. Are we ready to support such tour services? 5. Consumer GoodsMost consumer goods are manufactured at factories and contain chemicals. Used frequently, they definitely pollute the environment. We therefore should consider using innovations that will curb waste. For example, we had better support snacks in biodegradable packaging and milk cartons with paper straws than those with plastic straws. It is time to review our lifestyles. We don’t have to force ourselves to uphold sustainability causes. But where possible, we should pick the choices that cause minimum environmental impacts and care more about the world. When we do so, we will naturally find “the key” to a sustainable lifestyle. A sustainable lifestyle has many benefits. In fact, it leads us to healthy diets and a better environment. We therefore will be rewarded with good health and a more livable planet. We can reduce global warming and solve the world’s garbage problem through our small acts. When we change our lifestyles towards sustainability, we will generate ripples across our societies. Related Contents Loading Data…
Jakjit Klomsing – Drives Collaborations to Respond to Sustainable Packaging Trend
News Jakjit Klomsing – Drives Collaborations to Respond to Sustainable Packaging Trend Loading Data… Jakjit KlomsingDrives Collaborations to Respond to Sustainable Packaging Trend As the business world is now full of challenges, collaboration becomes a crucial component. Enterprises need to forge collaboration both internally and externally to keep pace with the changing situation and new trends. Mr. Jakjit Klomsing, Chief Operating Officer of SCGP’s Fiber Packaging Business, shares this view with P-DNA. His perspectives promise to inspire younger staff to grasp every opportunity and rise to challenges. Realistic Approach to Work Mr. Jakjit’s career path started in 1989 right after he graduated with a mechanical-engineering degree. Throughout his career, he has accumulated work experience and snatched any opportunity coming his way. Every few years, he had been rotated to different SCGP’s plants in both Thailand and other countries. While at the plants, he had overseen production, maintenance, and technical improvement for better production process, as well as production-capacity increase. As his experience grew, he was assigned to the company’s business-development field paving the way for his rise as an executive. “My work philosophy since my days as an engineer is to focus on fact and data. I have also embraced Japan’s 3Gs that stand for GENBA, GENBUTSU, and GENJITSU. This concept reminds us that if we plan to do something, we must go to the place where we will implement our plan. We also must develop practical guidelines and solutions. “At the same time, I always think positive. I have a can-do attitude. Even when our work does not fully meet our target, I don’t consider it a failure. It is just that we need to develop solutions or improve plans. But if it is really a total failure, I accept what happened. I won’t blame anyone. I will just try to help my young team members and look for better solutions. “In an executive position, I have managed both work and people. Many of the businesses that used to be under my supervision are joint ventures where fairness and mutual trust must be strictly upheld for all sides to work as a team. My mindset has become focused on collaboration after a senior, during my stint at the Prachin Buri-based box plant, told me that I didn’t have to do everything myself because we had a team. Since then, I have seen clearly that I really cannot accomplish all tasks myself. I need to learn about and work with people. When I face a new environment, I adapt and seek to learn new things. When working overseas, I also open up to local culture. With an open mind, I can collaborate with local teams and move ahead together.” Driving Collaborations for Sustainable Packaging Trend “Low-carbon societies, anti-global warming efforts, greenhouse-gas reduction, the use of clean energy, and 3Rs (Reduce, Reuse, Recycle) are driving Sustainable Packaging trend. Many of our customers have laid down clear sustainability guidelines. The European Union has now applied Carbon Border Adjustment Mechanism (CBAM) too, requiring exporters of products to Europe to report carbon emissions during production process and buy CBAM (CBAM Certificate). Such measures constitute taxation on carbon emissions. The bigger the emissions, the higher the taxes. We therefore need to urgently prepare solutions for our customers. “Our strategy has two key parts. The first is about collaboration. SCGP has responded to green trends and has headed towards net zero emissions as we collaborate both internally and externally. Today, we have calculated carbon emissions from the production process at all our plants through our collaboration with the Thailand Greenhouse Gas Management Organization (Public Organization). Also, we are now in the process of preparing a system for carbon-emission declaration no matter what type of packaging our customers choose. On top of that, we are looking for more ways to support our customers. Probably, we will innovate solutions that enable resource-usage reduction or develop products made from recyclable paper. “Our Clixpak, for example, is a multi-cup holder made of a single paper sheet. With well-thought design, it is durable and easy to hold. Users can easily hold a Clixpak with just one hand. It is also easy to separate this holder from other types of waste and recycle it. When we develop a product with our customers, our designers focus on reducing resource usage. The design is then backed by our production team. Such approach reflects that collaborations thrive in every step. “The second part is about sustainability awareness among employees. We have now improved our production process so as to minimize resource usage. Clean energy is embraced. SCGP’s fibrous and paper packaging businesses in Thailand have already integrated solar roofs. All our plants have replaced oil/gas-fueled forklifts with electric forklifts too. We have also conducted a study on how to integrate biomass to our businesses. “Aside, we have continued to improve our production efficiency, with an emphasis on yield increase and loss reduction. Both resource usage and energy consumption should drop for carbon emissions to plunge. Our efforts focus on answering the trend for Sustainable Packaging. We seek to respond to our customers’ new needs in support of mutual and sustainable business growth.” Flexible & Ready to Grasp Opportunities “Currently, SCGP has already expanded businesses to various regions. So, I would like to encourage younger staff to adapt and be keen about rotations. That’s how you can step out of your comfort zone. Be happy when your new job enables you to do things outside offices. If you work in provinces or overseas, you will learn lots of new things and get lots of experience. “As our company is now growing, you should prepare yourself well in terms of capabilities, functional performance, and leadership skills. Just as our company needs new tools and innovations, plenty of opportunities will be coming up. You should get ready and grab them. “I think good luck is a blend of opportunities and readiness. When an opportunity arrives at the time you are ready, you are lucky. But it will …
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2024 is Year of Marketing Challenges Advice: Adapt Like Giant Squid
News 2024 is Year of Marketing Challenges Advice: Adapt Like Giant Squid Loading Data… 2024 is Year of Marketing Challenges Advice: Adapt Like Giant Squid At the start of the Year of Dragon, Your Answers presents marketing trends predicted by Asst. Prof. Dr. Ake Pattaratanakun for everyone to foresee what the economy and marketing scenes will be like in 2024. Our guru describes 2024 as an “extremely challenging year”. Enterprises therefore must fast adapt, otherwise it will just be too late. Global Economy, Obstacles and Solutions Asst. Prof. Dr. Ake says “things will be tough and challenging in 2024” based on insights shared by 121 chief marketing officers (CMO) via the Marketing Association of Thailand. In the CMOs’ opinion, the economy will grow by just 1.33 percent and marketing budget will rise by 2.99 percent only. Three main obstacles are: 1. Wars that cover various areas and exist in many forms; 2. Gloomy global economy, especially in light of soaring policy interest rate and the shortage of many raw materials; and 3. Lower investment budget in the private sector, which in turn will slow down the global economy. Yet, the guru believes three industries in Thailand have brighter prospects than others. Enterprises therefore should try to connect with them: • Tourism industry: The government intends to promote tourism in a bid to attract more international visitors. As tourists’ travel budget gets smaller, they will look for a destination with value for money. Thai tourism therefore has got a good chance in such climate. • Health industry: Wellness, Prevention and Recovery sectors should be doing well because health is the new wealth in 2024. Following the COVID-19 pandemic, several diseases such as Influenza A and B have spread widely. People, therefore have continued to accord importance to healthcare. In Sakon Nakhon, local indigo fabrics no longer focus on just colorful appeal. They also highlight their UV-protection property, which promises to reduce wearers’ risk of wrinkles and skin cancer. • Tech industry: It will continue to be a star in the economy. Three top technologies in 2024 will be: 1. Artificial Intelligence (AI); 2. IoT (Internet of Things). Look at how Xiaomi toothbrush, temperature and weight can connect with one another on the internet paving the way for people to compile meaningful data and enjoy greater convenience; and 3. Robotics that looks set to lead the industry. Marketing with Precision & Low Cost In 2024, Precision Marketing is a must just like Low-cost Marketing. Today, there are so many marketing tools to consider. Marketers must choose the tools that fulfill objectives at the lowest budget. AI, for instance, can be leveraged to support marketing as AI Chatbot can answer customers’ queries and complete a sale without the need of human help. Enterprises who can develop such tech-enabled solution will be able to make money even during nighttime while also saving labor costs. Midjourney can help generate images that enterprises can use legally. Canva, meanwhile, is a cool tool for designing advertisements and Rytr.me is perfect for copywriting. With the aforementioned tools, businesses will be able to achieve marketing objectives at a lower cost. Related Contents Loading Data…
ESG in Everyday Life
News ESG in Everyday Life Loading Data… ESG in Everyday Life Not only has SCGP’s ESG focus inspired many innovations and projects for public benefit, but it has also fostered the right attitudes among its staff. Two engineers behind the Wangsala Plant’s Recycled Plastic Pellet project, which has upcycled plastic scraps from the paper production process, are here to share their ideas for a sustainable world. “I am in charge of construction, machine installations, and coordination with others, including fellow engineers, production team, business partners, and other, stakeholders. In detail, my work requires me to adjust to fulfill the expectations and requirements of each project. “In my view, my job responsibilities are challenges that I should rise up to. No matter what obstacles arise, I focus on overcoming them and achieving success. My current project is about something I had never done before. But I am determined to do my best. I am always confident that solutions exist. I just have to figure out what the answers are. With this mindset, I have resolved issues one by one until my project is implemented successfully. “I draw inspiration from the joy of meeting new things. Even though problems may occur, I know I will find solutions in the end thanks to people around me. It is important to have good team members and supervisors. Together, we can create a good work environment and remove obstacles. “My current project is a direct solution to ESG needs. Since I was tasked with this project, I have been learning more. My horizons have also expanded, with an increasingly better understanding of social and environmental impacts. I have applied my work-related knowledge to other aspects of my life too. For example, I have segregated waste to ensure proper management. Thinking about our planet, I have also opted for alternative energy vehicles so as to reduce pollution and improve the environment.” Sarayu Ponpitak (Oat) – Engineer – Recycling and Water Management Technology “Because my work requires much coordination with other agencies, I first need to know my duties. Then, I do my best for my job responsibilities. With the right mindset, I also look for ways to support others in my bid to improve workflow. “My company has offered me ample opportunities to think and act on my ideas. It has also significantly supported ESG tasks. So, I have been learning new things all the time. That’s what makes my job fun. I have never felt bored because my work matches my passion. Now that my company has expanded its business to the recycling sector, there is a lot more for me to learn. “Currently, I have already applied 3Rs (Reduce, Reuse, Recycle) to my daily life. I have separated waste to ensure easy recycling and improve resource efficiency. With the environment in mind, I have also played my role as a responsible consumer. I have supported products made by environmentally and socially responsible companies. Where possible, I have supported businesses that do good things for the world. Thanks to my work, I know that to change the world for the better, I must first start with my own actions.” Wannachanok Sakuldarachart (Opal) – Engineer – Recycling and Water Management Technology Related Contents Loading Data…
Packaging Gives New Image to Siriraj Cosmetic Products
News Packaging Gives New Image to Siriraj Cosmetic Products Loading Data… Packaging Gives New Image to Siriraj Cosmetic Products Everyone knows the Siriraj Hospital is an internationally recognized medical institute dedicated to enhancing Thais’ healthcare. But perhaps, you still don’t know that the Siriraj Hospital has also produced and distributed cosmetic products. “Siriraj Bamrungvej Company Limited”, which is under the Siriraj Foundation, is in charge of their distribution. As these products are quite popular, the company has recently decided to partner with SCGP in adding their appeal and expanding their customer base. Cosmetics for Thais Prof. Dr. Yongyut Sirivatanauksorn, director of the Siriraj Hospital, is here today to share the story behind the hospital’s cosmetic products. In his view, medicines and medical supplies are important weapons that the hospital’s medical personnel have used in fighting off diseases. “Medicines and cosmetics prove very important to patients. While we have imported most medicines, we have produced some types of medicines and cosmetics ourselves to cater to the specific needs of certain groups of patients. Our production started nearly 20 years ago through the collaboration of our pharmaceutical-science team and medical lecturers,” he said. In the beginning, the products by the hospital were prescribed to just a small group of patients. However, as their effectiveness became very clear, the hospital decided to use its knowledge to develop various other quality medicines and cosmetics. “We have lotions, shampoos, and physical sunscreen that are friendly to even psoriasis patients who need UV phototherapy or people who need gentle non-irritating cleaning products for their hair. We have upgraded our response to patients to suit their various needs at affordable prices,” he continued. Delivery of Best Products As words of mouth have raised public awareness of how good the Siriraj Hospital’s products are, demand has risen. To satisfy demand for a wider group of people, the Siriraj Bamrungvej Company Limited has now had more than 10 products to sell. Many more are in the pipeline of product development. These products are in two main categories: 1. Cosmetics that have been registered with the Food and Drug Administration’s Cosmetics and Hazardous Substances Control Division. Users can buy these products over counters; and 2. Medicines or cosmetic products that must be prescribed by doctors. “Our operations do not focus on profitability. Our main objective is to deliver good products to people. In the beginning, our production capacity was limited because our hospital acted as the sole producer. Today, we have hired high-quality factories to manufacture cosmetics, healthcare and skincare products based on our criteria to respond to huge demand. But our hospital has continued to produce some medicines ourselves because demand for them is so low that no factory agrees to produce them,” Prof. Dr. Yongyut says. Rebranding That Retains Old Customers, Attracts New Customers “We need to keep pace with trends. With quality products in our hands, we should raise public awareness and access. We need to pay attention to branding and packaging, which today has much importance. Look at our Soft Care Plus, which was once packed in a tube with twist-off cap. Our shampoos also used to be contained in bottles whose caps did not open and close very conveniently. Given these products were popular, we looked for a partner who would help us design better packaging –something that would not only provide more convenience but also keep our products in good conditions. In the future, we will develop new packaging for more types of our products in response to consumers’ needs too,” he continued. Business Partner with Right Solutions “In our opinion, SCGP is the only company that can provide us with the right solutions. Our collaboration has been a milestone because designs by SCGP have added not just extra appeal but also a reliable and more memorable image to our products. Our logo and packaging patterns look great together. All packages by SCGP have also shared the same theme, underlining our brand identity,” the senior doctor pointed out. “During our collaboration, we are much impressed with SCGP’s clear work procedures. SCGP, moreover, shows true understanding in our customers and target groups. Work thus flowed very smoothly, as if we had worked together for a long time. Apparently, SCGP had done lots of homework. It seriously analyzed the information we provided, understood our products, and knew what we really were looking for. As we appreciate SCGP’s designs a lot, we trust that the public will like them all the same. I know our collaboration with SCGP will expand further. We may engage SCGP in the production Related Contents Loading Data…
SCGP’s Q1 Profit Rose to 1,220 MB amid Market Recovery; Announced Investment interest in Starprint, Premium Packaging in Vietnam and development of World-class Innovation ‘Bio-based Plastic from Eucalyptus Woodchip’
News SCGP’s Q1 Profit Rose to 1,220 MB amid Market Recovery; Announced Investment interest in Starprint, Premium Packaging in Vietnam and development of World-class Innovation ‘Bio-based Plastic from Eucalyptus Woodchip’ Previous slide Next slide Loading Data… SCGP announced its Q1/2023 operating results, demonstrating growth from the previous quarter with revenues of Baht 33,729 million, an increase of 1%. Net profit reached Baht 1,220 million, up by 171%. This improvement was attributed to the gradual recovery of packaging’s sales volume with rising demand in ASEAN market, surging tourism and service sectors, China’s reopening, cost reduction, and strategic business expansions through M&P (Merger & Partnership), which bolstered overall operations. Furthermore, SCGP announced the interest to acquire 70% in Starprint, a premium-quality packaging provider in Vietnam, along with the collaboration with Origin Materials for joint research and development of cutting-edge global innovation, “Bio-based Plastic from Eucalyptus Woodchip” into Bio-PTA and further to Bio-PET production to meet the demand for eco-friendly products.Wichan Jitpukdee, Chief Executive Officer of SCG Packaging Public Company Limited or SCGP, disclosed the Q1/2023 results, which showed significant improvement compared to the previous quarter, reflecting the recovery of the packaging market especially on packaging paper operation. SCGP generated revenue from sales of Baht 33,729 million, an increase of 1% from the previous quarter, with EBITDA of Baht 4,471 million, up by 26% from the previous quarter, and net profit for the period of Baht 1,220 million, an increase of 171% from the past quarter.The growth was attributed to the increased demand of consumer packaging products in ASEAN and China, particularly in food and beverage, amid easing of COVID-19 concerns. This aligns with SCGP’s strategy to expand its integrated packaging business, with emphasis on investments in consumer packaging which related to daily consumption and the evolving consumer behavior & lifestyles, along with the capability to quickly adapt and cope with the impact from macro-shift in the economy and packaging market.In addition, the growth was also fueled by surging tourism & recreation sector and the positive impact from recovery in China’s manufacturing sector after country reopened which resulted into higher packaging paper export volumes from ASEAN to China. Furthermore, continuous decline in costs including energy, raw materials, and freight costs, contributed to profit margin uplift. Meanwhile, global economy remains volatile amid inflationary pressures, rising interest rates, and the decreasing consumer’s spending power which affected exports of durable and non-essential goods. Nonetheless, positive indicators of a gradual recovery are beginning to emerge.Wichan stated that the overall packaging market in Q2/2023 is expected to continue its recovery, particularly in domestic demand, due to the continuous improvement of the economy and services sector. Additionally, raw material prices are beginning to adjust back to normal level and are expected to stabilize. Energy and freight costs are trending downward, which will be a positive factor in cost management.SCGP is committed to quality growth by moving forward with its strategic expansion in consumer packaging. On 25 April 2023, SCGP notified the Stock Exchange of Thailand that the board of directors approved an investment project to acquire 70% stake in ordinary shares of Starprint Vietnam JSC (“SPV”), an eminent offset folding carton packaging manufacturer in Vietnam, for a total enterprise value of not exceeding Vietnam Dong 1,050 billion or approximately Baht 1,534 million. This Merger & Partnership (M&P) will be carried out through strategic partnership with Starflex Public Company Limited (“Starflex”), a leading flexible packaging manufacturer based in Thailand, which plans to hold a 25% stake in SPV. This transaction is proceeding under the standard M&P procedures and expected to be completed in Q3/2023. Total size of the transaction including the shareholding structure will be further disclosed as per the rule and regulation for the acquisition and disposition of assets of the Stock Exchange of Thailand (SET).SPV is one of Vietnam’s leading producer of offset folding cartons, rigid boxes and luxury packaging with distinctive printing capability and quality. It has a prominent client base and long-term track record of commercial relationship with renowned multinational and national companies with portfolio that is highly linked to high growth & fast-moving consumer products. SPV has a combined capacity of 16,500 tons of offset printing per year and 8 million pieces of rigid boxes per year, with two manufacturing facilities located in Long Binh (Amata) Industrial Zone, Dong Nai in southern Vietnam. In FY2022, SPV recorded revenue of Vietnam Dong 1,013 billion (approximately Baht 1,480 million), net profit after tax of Vietnam Dong 92.5 billion (approximately Baht 135 million), and assets of Vietnam Dong 440 billion (approximately Baht 643 million).In addition, SCGP has continued to develop innovations and solutions for the evolving mega-trends and consumer lifestyles. Recently, it signed a Joint Development Agreement (JDA) with Origin Materials, a leading technology company from the USA, to jointly develop “Bio-based Plastic from Eucalyptus Woodchip”. This world-class innovation involves processing Eucalyptus woodchip using advanced technology to produce Bio-PTA, which is then used to manufacture Bio-PET for packaging and other products, such as beverage packaging, food packaging, textile & apparels. This project would support the use of Bio-PET in multiple industries which require sustainable raw materials while also enable efficient recycle operation.At the same time, SCGP continues to drive its business along the ESG 4 Plus framework. As a result, the Company is globally recognized and received Gold class level in the Containers & Packaging industry from S&P Global Corporate Sustainability Assessment (CSA). SCGP was placed in the top 1% of Industry Mover, a listed company with outstanding progress and stable growth rooted in sustainability. Related Contents Loading Data…
SCGP x Origin Materials to Mutually Develop World-Class Innovation ‘Bio-based Plastic from Eucalyptus Woodchip’ Transforming Renewable Plants into Bio-PET Plastic, Addressing Sustainability Challenges
News SCGP x Origin Materials to Mutually Develop World-Class Innovation ‘Bio-based Plastic from Eucalyptus Woodchip’ Transforming Renewable Plants into Bio-PET Plastic, Addressing Sustainability Challenges Previous slide Next slide Loading Data… SCGP has entered into a joint development agreement with Origin Materials to develop a world-class innovation, “Bio-based Plastic from Eucalyptus Woodchip” with advanced technology to convert Eucalyptus woodchip, a renewable economical crop into Bio-based PTA (“Bio-Purified terephthalic acid”) and further to Bio-PET (“Bio-Polyethylene terephthalate”) production. This partnership aims to be a solution for surging needs for sustainable packaging with possible multiple applications across various industries.Mr. Wichan Jitpukdee, Chief Executive Officer, SCG Packaging Public Company Limited, or SCGP, announced that SCGP and Origin Materials, a leading NASDAQ-listed technology company in the United States, have entered into a joint development agreement (JDA) to collaboratively develop “Bio-based plastic from Eucalyptus Woodchip.” This world-class innovation utilizes advanced technology to transform Eucalyptus woodchip into Bio-PET, one of the raw materials for SCGP’s packaging production processes. This project will strengthen SCGP’s value-accretive vertical integration along the supply chain, extending it to the production of packaging and other products, including beverage packaging, food packaging, textile & fabrics while also addressing sustainability concerns for the environment.This collaboration brings together the expertise of both companies including SCGP’s extensive experience in researching and developing on Eucalyptus with innovation to optimize the utilization of natural resources and Origin Materials knowhow as the world’s leading carbon negative materials company that continuously develops technology to reduce carbon dioxide emissions. Together, both companies have conducted the experiments using Eucalyptus woodchip, which are subjected to chemical processes with catalysts, employing an efficient proprietary technology to produce intermediates used to make Bio-based PTA and Hydrothermal Carbon (HTC) and further exploration toward Bio-based PTA along with Bio-PET manufacturing. Bio-PET is the material that exhibits properties identical to petroleum-derived PET, making it easily recyclable and compatible with conventional PET recycling process. Meanwhile, HTC will be further explored for the application in biofuels, automotive industry.“SCGP and Origin Materials have collaboratively experimented with the production of intermediates from Eucalyptus woodchip for the initial production of Bio-PET. We have found that these Eucalyptus-derived intermediates are of high quality. As a result, we plan to collaboratively develop this innovation to achieve commercial viability, contributing to environmental protection and sustainability while meeting the market demand for eco-friendly plastics,” said Wichan.John Bissell, Co-Founder and Co-CEO of Origin Materials, the world’s leading carbon negative materials company, founded the company over a decade ago with a mission to enable the world’s transition to sustainable materials and help reduce carbon dioxide emissions.“Origin Materials is delighted about this partnership with SCGP. This collaboration adds value and creates additional benefits from renewable plant-based raw materials in a region with abundant resources. We are excited to jointly implement strategic actions with SCGP and to develop innovations that will help transition the world towards using sustainable raw materials,” said John. Related Contents Loading Data…
Green Read by SCGP joins forces to create a sustainable reading society by supporting the 51st National Book Fair
News Green Read by SCGP joins forces to create a sustainable reading society by supporting the 51st National Book Fair Previous slide Next slide Loading Data… Her Royal Highness Princess Maha Chakri Sirindhorn presided over the opening ceremony of the 51st National Book Fair and the 21th International Book Fair held under the concept “Bookfluencer: Leadership Reading” at Queen Sirikit National Convention Center from March 30 to April 9, 2023. For this Fair, SCGP, led by Mr. Suchai Korprasertsri, Chief Operating Officer – Fibrous Business, joinly supported and received a plaque of honor as a sponsor of the event and together with Miss Sukanya Benyadilok, Marketing Division Director, offered a souvenir. In addition, Green Read by SCGP, an innovative eye-care paper for readers with publisher partners and Green Read dealers set up booths at the event, along with book cover activities and Green Read Collector’s Book for regular readers. When buying a book using Green Read paper at the event and collecting points at the booth redeem many rewards. These were to encourage everyone to be a reading leader and contribute to the creation of a sustainable reading society. Related Contents Loading Data…
SCGP and MCOT launch “MCOT Cares: Paper – Cycle – Separate, Exchange, Renew,” separating used paper for recycling.
News SCGP and MCOT launch “MCOT Cares: Paper – Cycle – Separate, Exchange, Renew,” separating used paper for recycling. Loading Data… SCGP joins hands with MCOT in launching the “MCOT Cares: Paper-Cycle Separation, Exchange, Renew Project” to promote sharing on waste separation for reuse and increase participation among MCOT employees in the headquarters and the regions. They have separated and collected 3 types of wastepaper in the office: carton box, black and white paper, and mixed types of paper, and delivered them to the SCGP Recycle team to properly recycle. The used paper has also been exchanged for new office paper. The goal in 2023 is to collect 3,000 kilograms of used paper and send them to the recycling process in exchange for over 100 reams of new paper. This project expands the network of sustainability partners of SCGP Recycle, through knowledge promoting and behavior creating for waste materials segregation at sources, from the consumers’ hand. Allowing resources to be circulated for efficient use according to The Circular Economy principle, reducing the amount of contaminated waste that cannot be recycled. As a result, they must be disposed of by incineration or landfill. which contributes to the increase in the amount of greenhouse gases that cause global warming problems. Related Content Loading Data…