Siam Cement Plc (SCG) is gunning to regain its pre-financial crisis crown of being the region’s largest cement producer, with various projects from Myanmar to Indonesian and a possible acquisition in Vietnam in the near future.
Thailand’s biggest industrial conglomerate, which has announced a greenfield project in Indonesia to produce 1.8 million tonnes of cement annually with an initial outlay of US$356 million, says it is on the lookout for more opportunities including an acquisition in Vietnam which it hopes to conclude soon.
The group now claims a leading position in the region in every segment of the businesses it operates except cement. That title still belongs to Switzerland-based Holcim, which has been buying up assets ever since the onset of the Asian economic crisis in 1997 and today has installed capacity of xx.xx tonnes per year in the region.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.