Rengo : Acquires Shares from Corrugated Packaging Manufacturers in Indonesia
August 19, 2021
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August 20, 2021
Rengo Acquires Shares from Corrugated Packaging Manufacturers in Indonesia
Rengo Co., Ltd. announces that its joint venture in Thailand, Thai Containers Group (hereinafter, 'TCG'), has acquired 75% of the shares in Indonesian corrugated packaging manufacturers PT Intan Ustrix (PT Indonesia Dirtajaya Aneka Industri Box), PT Bahana Buana Box, and PT Rapipack Asritama (hereinafter, these three companies are referred to as the 'Intan Group') respectively through TCG Solutions Pte. Ltd, TCG's subsidiary.
The Intan Group is a leading corrugated packaging manufacturer group with four corrugated packaging factories in the suburbs of Surabaya in the eastern part of Java Island, the suburbs of Semarang in the central part, the suburbs of Jakarta in the western part, and the northern part of Sulawesi Island.
The Rengo Group has four corrugated packaging factories owned by PT Surya Rengo Containers, a joint venture with PT Indofood CBP Sukses Makmur Tbk, a major food company, and three corrugated packaging factories through TCG in Indonesia. Through the acquisition of shares this time, the Group will have 11 corrugated packaging factories in total.
The business in Southeast Asia, including that of Indonesia, has been positioned as an important strategic focus for the overseas operations of the Rengo Group as the General Packaging Industry (GPI), and we will continue to drive further enhancement of our business in the future.
Rengo Co., Ltd. 30%
SCG Packaging Public Limited Company 70%
Main business
Manufacturing and sales of corrugated packaging and folding cartons, and flexible packaging
Overview of PT Indonesia Dirtajaya Aneka Industri Box
Address
JL. Raya Roomo No.425, Desa Roomo, Kecamatan Manyar, Gresik, Jawa Timur 61151, Indonesia
Representative
Chowalit Meechow
Shareholders
TCG Solutions 75%
Main business
Manufacturing and sales of corrugated packaging
Overview of PT Bahana Buana Box
Address
JL. Raya Semarang-Demak KM.16, Desa Batu, Kec. Karangtengah, Demak, Jawa Tengah 59561, Indonesia
Representative
Chowalit Meechow
Shareholders
TCG Solutions 75%
Main business
Manufacturing and sales of corrugated packaging
Overview of PT Rapipack Asritama
Address
BIIE Blok C10 No.3-3A Lippo Cikarang, Bekasi, Jawa Barat 17550, Indonesia
Representative
Chowalit Meechow
Shareholders
TCG Solutions 75%
Main business
Manufacturing and sales of corrugated packaging
Site Map for the Intan Group
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Rengo Co. Ltd. published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 04:01:01 UTC.
Rengo Co., Ltd. is a paper box manufacturer. The Cardboard and Paper Processing-related segment manufactures and sells paperboard, corrugated board and corrugated boxes in domestic markets. The Soft-type Packaging-related segment manufactures and sells soft-type packaging products and cellophane in domestic markets. The Heavy Duty Packaging-related segment manufactures and sells heavy duty packaging products in domestic markets. The Overseas-related segment manufactures and sells paperboard, corrugated board, corrugated boxes, soft-type and heavy duty packaging products in overseas markets. The Others segment is engaged in the manufacture of nonwoven cloth, the logistic business, insurance agency business, lease business and real estate business.
RENGO CO., LTD. 
