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Bangkok – 25 February 2026: Marking the first-ever collaboration of three industry leaders, Taokaenoi Food & Marketing Public Company Limited, or TKN, a manufacturer of seaweed snacks distributed domestically and internationally, SCG Chemicals, or SCGC, a leading integrated polymer and solutions provider for sustainability, and Dow Thailand Group, or Dow, a global leader in materials science, have jointly announced the signing of a landmark Memorandum of Understanding (MoU) to revolutionize the snack industry through the “Food-Grade Circular Packaging by Advanced Recycling Technology” project. This initiative aims to sustainably address plastic waste challenges under the concept of closed-loop recycling. This collaboration entails utilizing multi-layer packaging waste from the production processes of Taokaenoi, which was previously difficult to recycle. This waste will be processed using the advanced recycling technology of SCGC and converted back into circular feedstock. Following this, Dow will utilize the feedstock to produce new, clean, and food-grade plastic resins. These resins will then be safely used to manufacture food packaging for the Taokaenoi brand once again. It is anticipated that the packaging will be ready for commercial distribution by the end of 2026. Ms. Orrapat Peeradechapan, Chief Executive Officer of Taokaenoi Food & Marketing Public Company Limited, said, “Taokaenoi is committed to creating happiness for consumers through high-quality snacks, alongside prioritizing ESG (Environmental, Social, and Governance) principles by emphasizing sustainable economic, social, and environmental development. This collaboration represents a significant milestone that transforms the ‘challenge’ of hard-to-recycle packaging into an ‘opportunity’ to establish a practical circular economy. It is not merely about waste disposal, but rather about creating new value from used plastic. We do not only deliver great-tasting products, but we also aim to deliver a better world to consumers through eco-friendly packaging innovations that are clean, safe, and tangibly reduce environmental impacts. This will drive our business to grow alongside genuine sustainability.” Dr. Suracha Udomsak, Chief Operations and Innovation Officer of SCGC, said, “This collaboration reflects the capability of SCGC in utilizing advanced recycling technology to manage plastic packaging composed of multiple materials, which is difficult to recycle, and converting it back into circular feedstock. This feedstock can be used to produce new plastic resins (Certified Circular Polyolefin Resin), which possess properties and quality entirely equivalent to standard virgin plastic resins in all respects and are safe for direct food contact. As a result, the materials can be reused to manufacture food packaging for Taokaenoi. In addition, our process has achieved the globally recognized sustainability certification, ISCC PLUS (International Sustainability and Carbon Certification), throughout the entire supply chain, making SCGC the first company in ASEAN to achieve such certification. This partnership is considered a crucial step in driving SCGC’s goal of reintegrating used plastic into the circular economy system at a volume of 500,000 tons per year by 2030, through collaborations with business partners across the entire value chain.” Meanwhile, Mr. Vichan Tangkengsirisin, President of Dow Thailand, added, “As a materials science leader, Dow is proud to support this collaboration in Thailand by applying our technology to produce circular plastic resins from used flexible packaging feedstock with performance equivalent to fossil-based plastics. Dow Thailand Group’s polyethylene facility in Rayong is ISCC PLUS certified for its capability of converting advanced recycled feedstock into high quality, food grade circular resins. This initiative represents an important step toward closing the plastics loop in Thailand and advancing Dow’s sustainability ambition to transform the waste through collaboration with customers and value chain partners.” This collaboration serves as a model for the comprehensive management of used multi-layer plastic packaging. It reduces the accumulation of plastic waste in the country and decreases the consumption of new resources. This aligns with the sustainability goals of Taokaenoi, SCGC, and Dow, reinforcing the role of the business sector in tangibly driving the circular economy to build a sustainable future together.
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February 2019

Uflex to Build New Plant in Hungary for Production of Unique Foil

India’s largest multinational flexible packaging material company, Uflex Group, is setting up a new plant in Hungary with an investment of around EUR71 million. The facility in Rétság will be built by its film manufacturing subsidiary Flex Films, which will also receive funding of EUR8.7 million from the Hungarian government.

The new factory will be Uflex’s second plant in Europe, after Poland, and will create 170 new jobs. Uflex expects to produce 50,000 tonnes/year of film products to its European customers, once the plant reaches full capacity.

According to news reports, India has become the ninth most important investor in Hungary. Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó was quoted as having said that “thanks to these investments, bilateral trade flow between the two countries has also begun to increase dynamically, reaching US$665 million dollars last year, with exports increasing by 22% during the first eight months of this year and trade flow increasing by 9%.

He also said that the plastics industry in Hungary has played a significant role in the growth, having expanded by 14% during the first three quarters of the year, with a production value of EUR5.28 billion.

Other Indian investors in Hungary include tyre maker Apollo and BOPP/BOPET film maker SRF also announced early this year it would invest in a facility in Hungary.

Apart from India, Uflex also runs production facilities in the UAE, the US, Egypt and Mexico.

SRF Ltd, an Indian manufacturer of bi-axially oriented polyethylene terephthalate (BOPET) and bi-axially oriented polypropylene (BOPP) films, announced in June that it was is planning to build its first European manufacturing site in Hungary with a  €60m investment.

The company employs over 8,000 people worldwide and serves a host of multinational clients, among which Pepsi Cola and Coca-Cola, Ferrero Rocher, Nestlé and L’Oréal.

Uflex is aiming to supply to the European and American markets from Hungary.