The transition to environmentally friendly packaging is taking place strongly in the food and beverages industry, although the bigger brands are currently leading the way.
Overseas packaging groups expand towards Vietnam 08:00 | 06/03/2021
Amid the ever-growing trend of eco-friendly packaging materials and waste reduction, foreign investors are looking into Vietnamâs packaging industry to further expand their operations and boost business in the region via mergers and acquisitions.Â
With its enticing business and investment conditions, Vietnamâs packaging sector has seen an array of M&A deals in recent years, Photo: Duc Thanh
Thailandâs Siam Cement Group PLC (SCG) last month made a big splash in the market by entering into a 70-per-cent share purchase agreement with Duy Tan Plastics JSC. The formerâs subsidiary SCG Packaging (SCGP) is to work with its Vietnamese partners under a 10-billion-baht ($332 million) investment to expand its packaging solution business in Vietnam, where demand for such products is growing.