Rengo to Acquire 60% Shares in Indonesian Corrugated Packaging Manufacturer Mypak

Rengo Co., Ltd., through its joint venture Thai Containers Group (TCG) in Thailand, has signed a conditional agreement to acquire 60% of Indonesian corrugated packaging firm PT Prokemas Adhikari Kreasi (Mypak) by the end of 2025. Mypak operates a corrugated packaging factory in Bekasi Regency, West Java. This acquisition will expand Rengo Group's presence in Indonesia to 12 corrugated packaging factories, reinforcing its strategic focus on Southeast Asia's growing packaging market. Rengo already co-owns multiple corrugated packaging plants via PT Surya Rengo Containers and TCG. The deal aims to enhance the Group’s capacity in the general packaging industry (GPI) as it drives overseas growth in the region. This move underlines Rengo’s commitment to solidifying its footprint in Southeast Asia and strengthening its position as a key player in the packaging sector.