SCG Packaging Plc (SCGP) has set a revenue target of 160 billion baht for this year as China's reopening and the tourism recovery are expected to boost packaging consumption.
"The outlook for the packaging industry in the first quarter of 2023 is a continued recovery, with Asean gaining from a tourism revival, higher imports and exports, as well as the normalisation of manufacturing supply chains," said Wichan Jitpukdee, chief executive of SCGP.
However, he said the company still faces ongoing challenges, including a volatile global economy, high inflationary pressures, interest rate hikes, and a fall in consumers' purchasing power in regions like the EU and North America.
