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News SCG Packaging

Displaying items by tag: SCG Packaging

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SCG Packaging takes out US$148m sustainability-linked loan

29 September 2021

Thailand: SCG Packaging has taken a US$148m four-year loan from Bank Ayudhya. The loan is subject to environmental, social and governance (ESG) criteria and key performance indicators. The loan’s interest rate is tied to the company's sustainability performance targets, namely reducing greenhouse gas emissions, managing water resources and increasing the sales portion of its Green Choice label products and services. Bank Ayudhy will serve as sustainability coordinator, with the ability to adjust it down annually if sustainability goals are met.

Published in Global Cement News
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SCG Packaging to build paper bag plant in Vinh Phuc

21 September 2021

Vietnam: SCG Packaging plans to invest US$354m to establish a new 370,000t/yr packaging plant in Vinh Phuc province. The Tuoi Tre newspaper has reported that operations at the plant will commence in early 2024. The product will be Vina Kraft Paper brand bags. The Siam Cement Group (SCG) subsidiary will finance the expansion through cash and debt.

Published in Global Cement News
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SCG Packaging to acquire 75% stake in Intan Group

11 May 2021

Indonesia: SCG Packaging, part of Thailand-based Siam City Group, has entered into a share purchase agreement to acquire a 75% stake in Intan Group, a corrugated container producer. The purchase is intended to strengthen SCG Packaging’s downstream paper-based packaging business in the country. It awaits approval from the relevant authorities and the transaction is expected to close in mid-2021.

Published in Global Cement News
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SCG Packaging launches recycled paper packaging

13 October 2020

Vietnam: Siam Cement Group (SCG) subsidiary SCG Packaging has launched Doozypack, a Kraft paper cement bag made using recycled paper. The company “applied the circular economy principle to the product’s development, enabling consumers to live sustainably,” according to general director Ekarach Sinnarong. Viet Nam News has reported that SCG Packaging partner Vina Kraft Paper is able to recycle Doozypack bags, along with all other SCG paper cement bags, thereby “extending the circular economic principle into the next cycle of use.”

Published in Global Cement News
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SCG stalls on partial sale of packaging business

18 March 2020

Thailand: The coronavirus pandemic has caused Siam Cement Group (SCG) to postpone its initial public offering (IPO) for 30% of its packaging subsidiary SCG Packaging at a value of US$1.0bn, which was reportedly due to take place in early 2020. Reuters News has reported that the company has yet to set a new date for the IPO.

Published in Global Cement News
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