Rengo Acquires Shares from Vietnam-based Corrugated Packaging and Folding Carton Manufacturer
January 20, 2021Rengo
Co., Ltd announces that its joint venture in Thailand, Thai Containers Group
Co., Ltd., (TCG) has acquired 94.11% of the shares in Bien Hoa Packaging Joint
Stock Company, a corrugated packaging and folding carton manufacturer located
near Ho Chi Minh, Vietnam, through TCG Solutions Pte. Ltd, TCG’s subsidiary.
Bien Hoa Packaging Joint Stock Company is a leading manufacturer listed in the
Ho Chi Minh Stock Exchange, with two corrugated packaging plants and one
folding carton plant located near Ho Chi Minh City.
The Rengo Group has been continuing to expand its bases in Vietnam since it
acquired the corrugated packaging manufacturer, New Asia Industries Co., Ltd.,
in February 2010 through TCG. Through the acquisition of shares this time, the
Group will have six corrugated packaging plants and two folding carton plants
in Vietnam.
Our businesses in Vietnam and Southeast Asia are considered important strategic
focuses for the overseas operations of the Rengo Group as the General Packaging
Industry (GPI), and we will continue to drive further enhancement of our
business in the future.
