Sugarcane Ecoware Co., Ltd.
Sugarcane EcoWare Co., Ltd. (“SEW”) was registered in 2018, currently has a registered and fully paid-up capital of 888,500,000 baht, with BRR holding a 99.99% equity stake. SEW conducts the production of packaging products, equipment, and appliance by using bagasse and other pulps as the main raw material. This business has been promoted on investment by Thailand Board of Investment on November 9, 2018. Moreover, the production capacity of SEW is approximately 300 million pieces per year, and the main product will be food packaging. However, SEW is also able to produce other types of packaging based on customer preferences, such as packaging for electronic supplies, etc.
January 16, 2018
Establishment date
SEW began operating commercially in the first quarter of 2020. However, the company was unable to meet its export targets due to the current situation and the effects of the COVID-19 outbreak. As a result, SEW needs to adapt its marketing strategies to increase sales in the domestic market. When the COVID-19 epidemic situation was resolved at the end of 2021, orders from abroad began to come in. Currently, the company has received orders for about 90 percent of its production capacity, with an emphasis on production and distribution in foreign markets, which account for around 90 percent of total sales. This is due to the increasing demand for environmentally friendly products, which has a higher demand than the domestic market. According to data from Global Market Insights, the demand for pulp/plant pulp products is projected to grow at a CAGR of 5.1% from 2021 to 2027. North America’s market share is expected to reach 25% by 2027, while Europe’s market value is projected to increase to USD 1 billion.
Additionally, the company established a small pulp factory in 2020 to conduct research and experiments on bagasse-based pulp production. Currently, the company is constructing a large bagasse pulp mill to manufacture bagasse-based pulp, which will be used as raw material for the company's packaging product factory. The construction of the mill is expected to be completed by the fourth quarter of 2021. The company has also started using unbleached pulp from an organic process as raw material to produce products for both domestic and foreign customers.
Linked Website : https://sewecoware.com
Shareholding structure
Buriram Sugar Public Company Limited holds 99.99% of its shares
Board of Directors
- Mr. Anant Tangtongwechakit Chairman
- Miss Chittima Tangtrongwechakit Director
- Mr. Adisak Tangtrongweachakit Director
Remark : Relationship between the parties : siblings and related persons