SCG Packaging Public Company Limited announced that for organic expansion, the company disclosed, via the SET, the investment in new production base in North Vietnam with the investment cost of VND 8,133 billion. The investment budget included land, infrastructures, civil work, financial cost, and working capital for the capacity of 370,000 tons per year which will increase capacity of 70% from the existing operation in South Vietnam. Commercial start up is expected to be in early 2024. The packaging paper production technology includes premium grade products.