- In August 2024, SCGP Solutions (Singapore) Pte. Ltd., a subsidiary of SCG Packaging Public Company Limited, completed the acquisition of an in addition 44.48% stake in PT Fajar Surya Wisesa Tbk for. This strategic move increased SCGP’s ownership in Fajar to 99.72%, reinforcing its commitment to expanding in the Asia-Pacific paper and packaging market. The acquisition reflects a broader industry trend where major players consolidate by acquiring regional specialists to broaden product portfolios, enhance local capabilities, and strengthen market presence in high-growth economies such as Indonesia
- In August 2022, Arttek Solutions, a Bengaluru-based sustainable packaging company, partnered with BillerudKorsnäs to introduce BillerudKorsnäs ConFlex Glaze—a paper-based straw material—to the Indian market. This collaboration reflects the growing momentum in the Asia-Pacific region toward eco-friendly and recyclable alternatives to single-use plastics. ConFlex Glaze, made from FSC®-certified Scandinavian forests, is a 100% recyclable, high-quality MG specialty paper designed to withstand carbonated beverages while offering a smooth, consumer-friendly experience. The partnership underscores both companies’ commitment to sustainable innovation and reducing plastic waste in food and beverage packaging
- In March 2022, Stora Enso Oyj introduced CarrEco Brown™, a durable, high-strength paper material made from 100% fresh fibers, specifically designed for shopping and takeaway bags. Developed using Stora Enso’s Tri-Ply™ technology, this unbleached, uncoated board offers exceptional tensile and tear resistance, making it ideal for demanding packaging applications. CarrEco Brown is also safe for direct food contact, contains only FDA-compliant chemicals, and is fully recyclable, aligning with the growing demand for sustainable, plastic-free alternatives in the Asia-Pacific region and beyond
- In January 2022, it was actually Ahlstrom-Munksjö Oyj that completed the acquisition of a 60% stake in Minglian New Materials Technology Co., Ltd., not the other way around. This strategic move led to the formation of a joint venture centered around a state-of-the-art decor paper facility in Xingtai, Hebei Province, China, with an annual capacity of approximately 50,000 tons. The partnership enhances Ahlstrom-Munksjö’s production capabilities and market presence in China’s growing high-end decor paper segment, while offering opportunities for future capacity expansion and improved cost competitiveness
- In December 2021, Stora Enso Oyj announced a €23 million investment in its Varkaus containerboard mill in Finland to enhance product range flexibility and increase total capacity by approximately 10%. The upgrade also expanded the site’s ability to use recycled fiber, supporting circular economy goals. Although the investment is based in Europe, it has global supply chain implications, including for Asia-Pacific customers, by improving production efficiency and broadening the availability of sustainable packaging materials
