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Rengo (3941) · InitiativeFirst stated

Strengthening the Supply System for Corrugated Case Materials through a 25% Investment in UPPC in the Philippines

First written in FY2020. . Latest entry: FY2020.

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Securing a Philippine containerboard supply base through an investment in UPPCA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2020First statedAnnual report

    「As of 31 January 2020, we agreed with SCG Packaging, a subsidiary of the Siam Cement Group headquartered in Thailand, to subscribe to a capital increase by United Pulp and Paper Company, a subsidiary of SCG Packaging headquartered in the Philippines and hereinafter referred to as UPPC, and acquire a 25% stake in UPPC. Accordingly, we entered into a share subscription agreement with UPPC.」

    We agreed to invest 25% in UPPC, the Philippines' leading corrugated case material producer, and made the payment in March 2020. Completion of the share acquisition was scheduled for the fiscal year ending March 2021, with a potential future entry into the country's corrugated packaging business also under consideration.
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Strengthening the Supply System for Corrugated Case Materials through a 25% Investment in UPPC in the Philippines | Rengo Co.,Ltd. (3941) | Komori