DataPost Signs Joint Venture Agreement with Thai British Security Printing PublicCompany Limited
Singapore Post Limited (SingPost) announced that its subsidiary, DataPost Pte Ltd (DataPost) has signed a joint venture agreement with Thai British Security Printing Public Company Limited (“TBSP”), a subsidiary of SCG PAPER PLC, to set up a joint venture company (JVC), Thai British DPost Company Limited.
The new company will provide laser printing and enveloping statements, bills and invoices and related value-added services.
The JVC will be located in Bangkok, Thailand.
DataPost and TBSP will hold 49 per cent and 51 per cent stakes in the JVC respectively.
DataPost is a major player in laser printing and enveloping service provider in the ASEAN region. Besides Singapore and Thailand, it also has presence in Malaysia (eP2M Services Sdn. Bhd.) and the Philippines (ePDS, Inc.).
Earlier this year, DataPost has set up a subsidiary DataPost (HK) Pte Limited to provide one-stop services ranging from electronic data printing to enveloping and posting in Hong Kong.
TBSP is the major player in security printing in Thailand. TBSP’s principal activity is the manufacture of security documents such as bank cheques, business forms and plastic cards.
The new setup which is part of DataPost’s regional plans, will enable it to serve its regional customers in Thailand.
