Bangkok-based SCG Packaging Plc (SCGP) has announced that it is acquiring a 70 per cent stake in Starprint Vietnam JSC (SPV) for 1.53 billion baht (US$44.5 million) to take advantage of positive prospects in Viet Nam.
SCG, a conglomerate in the ASEAN region, recently announced that it would accelerate growth for its packaging business, a retail offshoot of its cement-building materials business which has displayed consistent growth.