Rengo Co Ltd has confirmed 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 on 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 has been continuing to expand its base in Vietnam since it acquired the corrugated packaging manufacturer, New Asia Industries Co., Ltd., in February 2010 through TCG. Through the acquisition, the Group will have six corrugated packaging plants and two folding carton plants in Vietnam.