In the meantime, the widening growth in Asean yielded new opportunities for the packaging industry. In 2018 alone, the Asean packaging market value reached US$50.5 billion or a growth of 5 per cent while Thailand registered a rise of 3 per cent, parallel to the country’s economic growth. As a result, packaging developed key strategies to handle challenges and identify opportunities to ensure that SCG is ready and compatible with potential changes. To achieve the strategies, SCG is introducing a series of upgrades on manufacturing efficiency and competitiveness, quality improvement of products and services to better meet the customer needs. “As a result of a consistently growing rate of the packaging industry, parallel with national economic growth, the market expansion in Thailand and Asean is projected to be similar to the previous year,” Tanawong said.
Source: The Nation Bangkok March 21, 2019 16:30 UTC