Rengo's Thai joint venture buys 90% of corrugated maker Jin Zhong Fa

Thai Containers Group, Rengo's joint venture in Thailand, has approved acquisition of a 90% stake in Jin Zhong Fa Paper Industrial, a corrugated packaging manufacturer with one plant in Chonburi Province. The deal takes the Rengo Group's corrugated plant count in Thailand to 16, alongside three flexible packaging plants and one heavy duty packaging plant already run through the joint venture.

Why this mattersThe deal extends Rengo's Southeast Asian corrugated footprint, a region the group has flagged as a strategic priority for overseas growth.

• Thai Containers Group, Rengo's joint venture in Thailand, will acquire 90% of Jin Zhong Fa Paper Industrial.
• Jin Zhong Fa operates one corrugated plant in Chonburi Province, central Thailand.
• The acquisition raises the Rengo Group's corrugated plant count in Thailand to 16.
• Through the joint venture the group also operates three flexible packaging plants and one heavy duty packaging plant in Thailand.

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