{"id":13355,"date":"2024-11-21T17:44:03","date_gmt":"2024-11-21T10:44:03","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=13355"},"modified":"2024-11-21T17:44:03","modified_gmt":"2024-11-21T10:44:03","slug":"app-groups-move-towards-sustainable-leadership-in-the-pulp-and-tissue-paper-sector-in-south-korea","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=13355","title":{"rendered":"APP Group’s Move Towards Sustainable Leadership in the Pulp and Tissue Paper Sector in South Korea"},"content":{"rendered":"

JAKARTA, Indonesia<\/span><\/span>, Nov. 21, 2024<\/span><\/span> \/PRNewswire\/ — APP Group has expanded into the South Korean market by acquiring 100% of MSS Holdings, the majority shareholder of\u00a0Ssangyong C&B, known for popular tissue brands like CODI and Monalisa.<\/p>\n

This strategic acquisition, valued at approximately 400 billion won<\/span> (around $296 million<\/span>), underscores APP Group’s commitment to growth in Asia<\/span> and its leadership in driving sustainability, particularly in South Korea<\/span>.<\/p>\n

Korea is currently the fifth largest market size for paper, pulp, and paperboard regionally. Its pulp and paper sector are projected to grow at a CAGR of 5.20% from 2023 to 2028. With this acquisition, MSS is expected to benefit from APP’s operations expertise & global network as an established company in the global market. MSS is expected to synergize and enhance its efficiency and overall cost competitiveness.<\/p>\n

Alternatively for APP Group, this opportunity is a good chance to have exposure in the Korean tissue and hygiene market, with instant access to well-known consumer brands and a nationwide domestic sales network as well as moving towards sustainable leadership\u00a0 in South Korea<\/span>.<\/span><\/p>\n

“We are delighted to welcome MSS to APP and with APP’s global expertise, MSS can offer APP’s global high-quality tissue and hygiene products to Korea, providing Korean consumers with more innovative choices at competitive prices,” said Nishant Grover<\/span>, CEO of Tissues International at APP.<\/i><\/p>\n

APP Group is known as the fourth largest pulp production in the world and is known for their diverse pulp-based products such as tissue, paper and packaging sold in over 150 countries. By acquiring Ssangyong C&B, APP Group is poised to bring its vision of sustainability to South Korea<\/span>, fostering partnerships and collaborations that promote responsible sourcing and innovative solutions in the industry.<\/p>\n

About APP Group<\/b><\/p>\n

APP is a leading pulp, paper, and forestry company based in Indonesia<\/span>, supplying high-quality tissue, packaging, and paper to over 150 countries. With operations in Indonesia<\/span> and China<\/span>, we prioritize sustainability, ethical practices, and the well-being of our employees, society, and the environment. Our Sustainability Roadmap Vision 2030, aligned with ESG principles, guides our efforts in environmental protection, community support, biodiversity preservation, and carbon neutrality.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

JAKARTA, Indonesia<\/span><\/span>, Nov. 21, 2024<\/span><\/span> \/PRNewswire\/ — APP Group has expanded into the South Korean market by acquiring 100% of MSS Holdings, the majority shareholder of\u00a0Ssangyong C&B, known for popular tissue brands like CODI and Monalisa.<\/p>\n

This strategic acquisition, valued at approximately 400 billion won<\/span> (around $296 million<\/span>), underscores APP Group’s commitment to growth in Asia<\/span> and its leadership in driving sustainability, particularly in South Korea<\/span>.<\/p>\n

Korea is currently the fifth largest market size for paper, pulp, and paperboard regionally. Its pulp and paper sector are projected to grow at a CAGR of 5.20% from 2023 to 2028. With this acquisition, MSS is expected to benefit from APP’s operations expertise & global network as an established company in the global market. MSS is expected to synergize and enhance its efficiency and overall cost competitiveness.<\/p>\n

Alternatively for APP Group, this opportunity is a good chance to have exposure in the Korean tissue and hygiene market, with instant access to well-known consumer brands and a nationwide domestic sales network as well as moving towards sustainable leadership\u00a0 in South Korea<\/span>.<\/span><\/p>\n

“We are delighted to welcome MSS to APP and with APP’s global expertise, MSS can offer APP’s global high-quality tissue and hygiene products to Korea, providing Korean consumers with more innovative choices at competitive prices,” said Nishant Grover<\/span>, CEO of Tissues International at APP.<\/i><\/p>\n

APP Group is known as the fourth largest pulp production in the world and is known for their diverse pulp-based products such as tissue, paper and packaging sold in over 150 countries. By acquiring Ssangyong C&B, APP Group is poised to bring its vision of sustainability to South Korea<\/span>, fostering partnerships and collaborations that promote responsible sourcing and innovative solutions in the industry.<\/p>\n

About APP Group<\/b><\/p>\n

APP is a leading pulp, paper, and forestry company based in Indonesia<\/span>, supplying high-quality tissue, packaging, and paper to over 150 countries. With operations in Indonesia<\/span> and China<\/span>, we prioritize sustainability, ethical practices, and the well-being of our employees, society, and the environment. Our Sustainability Roadmap Vision 2030, aligned with ESG principles, guides our efforts in environmental protection, community support, biodiversity preservation, and carbon neutrality.<\/p>\n

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