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Rengo Acquires Majority Stake in Vietnam-based Corrugated Packaging Producer Bien Hoa Packaging

Rengo folding carton Bien Hoa Packaging is a leading manufacturer of corrugated packaging with two corrugated packaging plants and one folding carton plant located near Ho Chi Minh City, Vietnam.

Jan. 20, 2021 - Rengo Co., Ltd recently announced 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 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 explained that it has continued to expand its bases in Vietnam over the past decade, and through the acquisition of shares Bien Hoa Packaging, the Group now has 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," the company said.

Rengo Group is a manufacturer of containerboard, paperboard, corrugated medium, corrugated boxes, folding cartons and other paper products. The Group also manufacturers nonwovens and flexible packaging. To learn more, visit: www.rengo.co.jp.

SOURCE: Rengo Group

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