Rengo Co., Ltd. (Head Office: Kita-ku, Osaka, Chairman, President & CEO: Kiyoshi Otsubo) announces that Thai Containers Group Co., Ltd. (TCG), a joint venture between Rengo and SCG Packaging Public Company Limited (a subsidiary of The Siam Cement Public Company Ltd.), has completed the acquisition of an 80% stake in PT Indocorr Packaging Cikarang, a manufacturer of corrugated packaging which operates in eastern Jakarta.

With the acquisition of PT Primacorr Mandiri in September 2013, PT Indoris Printingdo in December 2014 through TCG, Rengo Group's distribution operations for corrugated packaging and folding cartons will increase to seven in Indonesia, including four existing plants operated by PT Surya Rengo Containers (SRC).

The corrugated packaging business in Southeast Asia is an important strategic focus for the overseas operations of the Rengo Group, a 'General Packaging Industry' (GPI), and Rengo will work to further enhance its corrugated packaging supply system within the region.

Rengo Co. Ltd. published this content on 24 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 April 2017 08:46:03 UTC.

Original documenthttp://www.rengo.co.jp/english/news/2017/17_e_news_006.html

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