ThaiNamthip and CP Axtra Signed a MOU to Drive Transition to Sustainable Packaging and Promote Circular Economy to Enhance Sustainability in Thailand’s Wholesale and Retail Industry

ThaiNamthip Corporation Limited in partnership with CP Axtra Public Company Limited, a leading wholesaler and retailer under the ‘Makro-Lotus’s’ brand, signed a Memorandum of Understanding (MOU) to promote sustainable packaging strategy. This strategic collaboration comprises four key business partners - Nestlé (Thai) Ltd., ThaiNamthip Corporation Limited, Haad Thip Public Company Limited, and Pathum Vegetable Oil Co., Ltd. aiming to navigate business operations towards sustainability with a shared vision of reducing environmental impacts through circular economy and sustainable packaging. Furthermore, it will create positive impact and propel sustainability in Thailand’s wholesale and retail sector.

Through this MOU, CP Axtra and its four key business partners will jointly strive towards a transition of ‘sustainable packaging’ by shifting to recyclable and biodegradable materials and utilizing packaging that consists of recycled material and recycled content for CP Axtra. Additionally, these leading brands will shift from in-store promotional signages made from polypropylene to those made from biodegradable or recyclable materials to promote sustainable packaging and create eco-friendly innovations to deliver quality products to customers.