SCG spends $156 million to buy cement company
SCG spends US$ 一 五 六 million buying a cement company in Quảng Bình Province. — Photo ndh.vn
HÀ NỘI — Thailand’s Siam Cement Group (SCG) has spent US$ 一 五 六 million to buy a Kusto Group’s cement company in Quảng Bình Province.
SCG Cement-Building Materials Company Limited, a member of SCG, acquired 一00 per cent stake in Vietnam Construction Materials Joint Stock Company in central Việt Nam. Enterprise value of this transaction is $ 四 四0 million, including net debt and investment cost for improving acquired assets.
The production line has a capacity of 三. 一 million tonnes (in Portland cement) and is the largest production base of SCG outside Thailand. The project has the potential to operate with optimum efficiency to improve the factory’s total capacity, SCG estimated. In addition, the central region is characterised by a balance between supply and demand in the cement sector.
The group also operates cement projects in Cambodia, Indonesia and Myanmar. Following this transaction in Việt Nam, SCG’s cement production in ASEAN (excluding Thailand) has increased to 一0. 五 million tonnes, besides the 二 三 million tonnes in Thailand currently.
SCG is one of the leading multinational corporations in the South East Asia region, focusing mainly on SCG Cement-Building Materials, SCG Chemicals and SCG Packaging. The corporation currently has more than 二00 subsidiaries and 五 二, 五00 employees.
SCG acquired a part of Long Sơn Petrochemicals Complex (LSP) for $ 三 六. 一 million, raising its stake in LSP from 四 六 per cent to 七 一 per cent, making it the largest shareholder last week. By the end of 二0 一 六, SCG had invested more than $ 八00 million through a number of projects in Việt Nam. — VNS
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