OREANDA-NEWS. September 01, 2011. Rengo Co., Ltd. has acquired all of the equity of Tianjin Rengo Packaging Co., Ltd., previously a Chinese joint venture company operated by Rengo and its Chinese partner since the company’s establishment in 1996. All equity held by the partner company has been transferred to Rengo, making the company a wholly-owned subsidiary of Rengo, as the company said in a press release received by Lesprom Network.

Tianjin Rengo’s main sales area is Tianjin and its neighboring city of Beijing. It provides high-quality corrugated packaging to Japanese and other foreign capital corporations in addition to local Chinese corporations.

Currently, a new plant is being constructed in the Balitai Industrial Park in Tianjin’s Jinnan District. It is scheduled to replace the current plant after its completion in December 2011. The new plant is located close to the Tianjin Economic-Technological Development Area (TEDA). In order to fulfill the needs for corrugated packaging from customers, the plant’s principal facilities will be renovated and plans are in place to double production capacity.