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SATURDAY, October 01, 2022
nationthailand
BG Packaging banks on growth of paper products 

BG Packaging banks on growth of paper products 

THURSDAY, October 03, 2019
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BG Packaging (BGP) will invest Bt1-2 billion in the construction of a new paper-carton manufacturing plant as well as merger and acquisition deals with major paper roll producers to boost its annual revenues in the next 3-5 years.

Managing director Vorawat Buranakarn said the company would focus on expanding its paper carton production capacity, given the high growth rate of 5-10 per cent a year, thanks to increasing customers' demand for paper packaging, especially companies in the field of e-commerce.
In addition, more consumers are playing their part in environment protection by cutting down on the usage of plastic items. 
“The plastic packaging sector is still posting profit growth of 5 per cent a year, but below that of carton packages. We will raise production capacity and explore opportunities for acquisitions or joint ventures with the top 10 paper roll plants located in strategic areas. Currently, we are in talks with several producers.” he said.
Vorawat added that the company would expand its production lines for biological packaging and new types of plastic packages. “If we push the paper carton business, it will generate 65 per cent of total revenue. We will also increase exports to Asean countries to boost its contribution from 2 to 10 per cent.
“Expanding the paper carton packaging business and working with partners will boost the company's total revenue to Bt3-5 billion in the next 3-5 years. We expect Bt1.7 billion in total sales this year, up 3 per cent from 2018.” he said.
BGP is an affiliate of Thailand’s leading glass bottle manufacturer, Bangkok Glass Plc.