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January 24, 2018

SCGP Solutions acquires 68.3% stake in Malaysian packaging firm

SCG Packaging’s wholly owned subsidiary SCGP Solutions (Singapore) has completed the MYR104.5m ($26.65m) acquisition of a 68.3% stake in Malaysian packaging firm Interpress Printers Sendirian Berhad (IPSB).

SCG Packaging’s wholly owned subsidiary SCGP Solutions (Singapore) has completed the MYR104.5m ($26.65m) acquisition of a 68.3% stake in Malaysian packaging firm Interpress Printers Sendirian Berhad (IPSB).

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The remaining shares of IPSB have been retained by the existing owners.

The acquisition is in line with SCG Packaging’s aim of becoming a total packaging solutions provider in ASEAN countries.

“The acquisition is in line with SCG Packaging’s aim of becoming a total packaging solutions provider in ASEAN countries.”

The transaction is also expected to allow the company to further enhance the overall portfolio and exhibit its potential to serve the region’s fast food consumption, evolving lifestyle and consumer preferences.

IPSB is a food-grade paper packaging company located in Selangor state, Malaysia, offering products such as folding cartons, formed trays, clamshells, wrappers and bags.

Last year, IPSB registered sales of THB585m ($18.33m), largely driven by export sales.

SCG Packaging’s Inspired Studio is focused on designing and developing products with expertise in graphic design, product structure, and production using paper and other materials.

Some of the consumer packaging products offered by the company include Food Box, PE Paper Bowl, Premium cone cup, Food Tray, PE Paper Cup for Cool Drink and PE Paper Cup for Hot Drink.

The company’s offerings for the industrial packaging segment include corrugated containers, shelf ready packaging, folding carton, logistic packaging, Green Packaging and specialities.

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For the packaging industry to achieve a sustainable future, it needs to dramatically increase circularity and the reuse of materials. While shifting from a linear economy to a circular model will take time, there are already actions that brands, manufacturers, and converters can already take to help make a difference. This document by Siegwerk – a global leader in inks and coatings for packaging – delves into solving the plastic paradox, looks at the relevance of bioplastics, and sets out ways to not only achieve circularity in packaging but also make it economically viable. Furthermore, the document goes into detail on how printing inks and coatings are vital for enabling circularity in packaging. Ultimately, the packaging system needs to be reconfigured for a circular future. And consumers are expecting the packaging industry to play its part in progress. To take the first step towards circularity, download this document.
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