SCG Packaging completes 90% acquisition of Thai box maker Jin Zhong Fa
SCG Packaging has completed acquisition of a 90% stake in Jin Zhong Fa Paper Industrial (JZF), a corrugated containers producer in Chonburi, Thailand, for Baht 68 million. The deal adds 28,000 tonnes of annual production capacity and expands SCGP's customer base among fruit exporters to China. JZF's results will be consolidated into SCGP's financial statements from October 2026.
Why this mattersThe bolt-on deepens SCGP's fibre packaging footprint in Eastern Thailand's fruit-export corridor, letting it reallocate orders and free capacity elsewhere.
- SCGP acquired a 90% stake in Jin Zhong Fa Paper Industrial (JZF) for Baht 68 million.
- JZF adds 28,000 tonnes of annual production capacity in Chonburi province, Thailand.
- JZF is a corrugated containers producer serving customers in the China-bound fruit export market.
- JZF reported FY2025 revenue of Baht 205 million and total assets of Baht 240 million.
- JZF's financials will be consolidated into SCGP's accounts from October 2026.
- SCGP CEO Wichan Jitpukdee said the deal supports growth of its fibre packaging business across ASEAN.
- The acquisition was made through Thai Containers Group (TCG), owned 70% by SCGP and 30% by Rengo.
- The deal takes Rengo's Thai corrugated packaging network from 15 to 16 plants.
- SCGP's Q2 2026 sales reached THB32.45bn, up 3% year over year and 11% sequentially
- Q2 2026 EBITDA rose 37% year over year to THB5.82bn, with profit attributable to shareholders up 128% to about THB2.30bn
- Management cited improved performance in Indonesia and continued strength in Vietnam