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Showa Denko and Carabao Group Form Aluminum Can JV in Thailand
July 15, 2017
A foundation laying ceremony took place on July 13 in Bang Pakong, Chachoengsao Province, Thailand, for a new joint venture formed by Japan-based Showa Denko, Showa Aluminum Can Corporation (SAC), and Carabao Group Public Company Limited (CBG), a major Thailand beverage maker. The JV will manufacture and sell aluminum cans.
The name of the joint venture is "Asia Pacific Can Company Limited" (APC).
SAC is a consolidated subsidiary of SDK.
Establishment of APC was decided by the three founding parties in March 2017. After the start-up of operations of the factory which is scheduled for October 2018, APC will mainly manufacture aluminum cans for CBG's beverages for export from Thailand. CBG aims to expand its overseas sales, centering on Southeast Asian countries, China and the United Kingdom. APC will support CBG's overseas operations through stable supply of high-quality aluminum cans manufactured by leading-edge technologies and quality management system built up by SAC over many years.
The Showa Denko Group positions its aluminum can business as "Growth-accelerating" business in its ongoing medium-term business plan "Project 2020+," and has been promoting business expansion strategy targeted at Southeast Asia. APC will be the Showa Denko Group's second overseas can production base following Hanacans Joint Stock Company of Vietnam. The Showa Denko Group will utilize APC's business development for the formation of its best marketing mix in Southeast Asia.