SCGP expects revenue to reach B100bn
published : 27 Jan 2021 at 04:00
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SCG Packaging Plc (SCGP) expects its revenue will increase to 100 billion baht this year through a combination of merger and acquisition and organic growth strategies after racking up 92.78 billion baht in revenue in 2020.
This year, the company has increased its investment budget to 20 billion baht from 10 billion last year as it seeks to expand business in the global market, a move that will help it achieve the goal.
SCGP chief executive Wichan Jitpukdee said yesterday SCGP is negotiating with 2-3 foreign companies under its merger plan and hopes to conclude the deals soon.
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SCG Packaging Plc (SCGP) plans to have its recently acquired Go-Pak UK Ltd expand to food packaging services in the global market as more consumers buy food to eat at home and choose environmentally-friendly products.
The packaging arm of SCG, Thailand s largest industrial conglomerate, SCGP yesterday concluded a deal to acquire a 100% share in the UK-based food service solution provider.
The acquisition is expected to help SCGP expand its customer base in food packaging services as well as retail and wholesale businesses in the UK, Europe, North America and Asean.
Go-Pak is headquartered in Bristol, England, with a production base in southern Vietnam.