Rengo, Japan, reports that its Thai joint venture company, Thai Containers Group Co., has acquired a 100% stake in D-In Pack Ltd., Thailand. D-IN is a corrugated box manufacturer operating in Nakorn Pathom Province, Thailand, with an annual capacity of approximately 15,000 tons.

 

Further growth of corrugated demand in Thailand can be expected, Rengo notes, as many Japanese companies choose the country as their manufacturing base in the ASEAN region, and as national income increases. The acquisition will increase the Rengo Group's annual corrugated box production capacity in Thailand as well as the total number of corrugated production plants to 15.