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Business deals

With Southeast Asians shopping at home, Siam Cement buys box maker

Thai conglomerate to acquire Vietnam's Bien Hoa Packaging

Delivering the goods outside Hanoi: Demand for cardboard boxes is growing in Southeast Asia.   © Reuters

BANGKOK -- Siam Cement will buy a Vietnamese packaging materials maker, the Thai industrial group said Friday, drawn by the growth of online shopping as Southeast Asia hunkers down to avoid the coronavirus.

The group will purchase Bien Hoa Packaging through a joint venture with top Japanese cardboard maker Rengo.

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