Siam City Cement Public Company Limited ("SCCC") has recently completed acquisitions of cement businesses in Thailand, Bangladesh, Sri Lanka and Vietnam. These investments will start generating cash with immediate effect, particularly our businesses in the fast-growing markets of Sri Lanka and South Vietnam which command leading positions in their respective markets.
Total investment of the acquisitions approximately amounted to 33 billion baht. In line with SCCC's policy to maintain a strong balance sheet, the Company plans to finance the above investments by issuing equity at 17 billion Baht and debentures at 13 billion Baht. The new SCCC will be one of the leading regional cement players with a diversified portfolio of assets in fast growing material deficit markets in some of the most attractive emerging countries.
After these acquisitions, SCCC will be one of the leading regional cement players in South East Asian emerging markets with attractive opportunities.
Combining Thailand and overseas operations, SCCC's total cement capacity will increase from 14.8 million tons to 26.5 million tons. SCCC is poised to deliver sustainable business growth and cash generation capabilities from diverse sources beyond Thailand. These will affirm our commitment to build a brighter and sustainable future.
More information, please visit www.siamcitycement.com.
- Second largest cement player in Thailand
- Net sales of THB34 billion in 2016
- SCCC now command a total capacity of of 26.5 M. tons
- Over 6,000 staffs across all lines of businesses
- Business presence across Thailand, Cambodia, Bangladesh, Indonesia*, Sri Lanka, and Vietnam
* Only fiber cement plant
