Samyang Packaging Decides to Acquire Tangible Assets Worth 43 Billion KRW

[Asia Economy Reporter Moon Hyewon] Samyang Packaging announced on the 16th that it has decided to acquire tangible assets such as buildings, machinery, and auxiliary facilities to advance its recycling facilities.

The acquisition cost is 43 billion KRW, which corresponds to 7.6% of the total assets.

The scheduled acquisition date is April 30, 2023.

The company stated, "The purpose is to enhance profitability and establish an ESG management foundation through the construction of new PET bottle recycling facilities and the production of high value-added products."