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The Latest Breaking News from SCGP

The SET index climbed to the key resistance at 1,570 points early this week before consolidating to build a new base at around 1,550+. Early gains were driven by short-covering in blue chips by investors unwinding positions.

Bangkok Post

SCGP buys 70% share of SPV

SCG Packaging Plc (SCGP) is acquiring a 70% share in Starprint Vietnam JSC (SPV) for 1.53 billion baht to take advantage of positive prospects in Vietnam.

Bangkok Post

SCGP eyes revenue surge amid packaging recovery

SCG Packaging Plc (SCGP) has set a revenue target of 160 billion baht for this year as China's reopening and the tourism recovery are expected to boost packaging consumption.

Bangkok Post

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China optimism spurs Asian shares higher

RECAP: Asian markets mostly rose again yesterday on optimism about the impact of China reopening on regional corporate performance, while the dollar remained under pressure after data showed a further slowdown in US inflation.

Bangkok Post

China optimism lifts Asian equities

RECAP: Asian equities advanced on Friday amid hopes for China's emergence from the pandemic and an economic lift from renewed travel from the mainland.

Bangkok Post

Asian shares fall amid tougher rate talk

RECAP: Asian shares declined yesterday, as continued interest rate hikes and a steadfast hawkish stance by major central banks fuelled global recession worries and sapped risk sentiment, driving US and European markets down.

Bangkok Post

Asian shares follow Wall Street upward

RECAP: Asian stocks climbed after Wall Street posted its first advance this month, with traders focused on upcoming US inflation figures for clues on the path of interest-rate increases.

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SCGP reports B112bn earnings in three quarters

SCG Packaging Plc (SCGP) has earned 112 billion baht over the first three quarters of 2022, up 26% year-on-year, but profit dipped 13% to 5.3 billion because of high energy and raw material prices across industries.

Bangkok Post

Equities move lower but SET outlook still good

RECAP: Asian and European stocks moved lower yesterday, as US Treasury yields held at the highest level since the global financial crisis of 2008 and investors weighed risks to Chinese markets.

Bangkok Post

SCGP acquires US waste material trader for B73m

SCG Packaging Plc (SCGP) has acquired a 90.1% stake worth US$1.98 million or around 73 million baht in Jordan Trading Inc, a New York-based trader of waste materials, notably paper, as it continues to strengthen its packaging material recycling business.

Bangkok Post

SCGP hikes revenue target to B150bn

SCG Packaging Plc (SCGP) has revised up its revenue target for 2022 to 150 billion baht after seeing its earnings in the first half increase by 31% year-on-year to 74.6 billion baht.

Bangkok Post

Shares rebound as energy supply concerns ease

Recap: Global shares rebounded yesterday as concerns over energy supplies eased while investors awaited second-quarter economic data and corporate earnings.

Bangkok Post

SCGP offers to buy 100% stake in Peute Recycling

SCG Packaging Plc (SCGP) is taking over Peute Recycling BV, the largest packaging material recycling company in the Netherlands, in a move to strengthen its recycling business.

Bangkok Post

A brief upturn in a punishing month for stocks

Recap: Global stocks moved higher on Friday, heading for their first weekly gain in a month after fears of an economic recession, while inflation eased on declines in commodity prices.

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Bangkok Post

SCGP allots B2.45bn for output hike

SCG Packaging Plc (SCGP) plans to spend 2.45 billion baht increasing its fibre packaging production capacity by 75,000 tonnes per year to meet demand growth as the economy recovers.

Bangkok Post

SCGP to add value by utilising hemp fibre

SCG Packaging Plc (SCGP) is planning to use hemp fibre, which is environmentally friendly, in its production of packaging materials to add value to its products.

Bangkok Post

Uniqlo eyes sustainable clothing via green tie-up

Uniqlo Thailand, a local unit of the global casual apparel retailer, has teamed up with ReAcc Co, under national oil and gas conglomerate PTT Plc, and SCG Packaging Plc (SCGP) to create local sustainability initiatives in order to make clothes that are better for the environment.

Bangkok Post

SCGP targets 10% revenue growth a year

SCG Packaging Plc (SCGP) expects its total revenue to grow to 180 billion baht within 2027, thanks to merger and partnership (M&P) deals as well as business expansion projects.

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