The president of Siam Cement said that Siam Cement would invest 60 billion baht in petrochemicals and 60 billion baht in cement, paper and other projects over the next five years. The major petrochemicals investment is an olefins plant project that was announced at the end of 2005. Paper industry investments may be in Thailand or in Vietnam, Indonesia and the Philippines. In Thailand Siam Cement plans to expand production of corrugated cardboard.
As for the cement industry, Siam Cement’s production plant in Cambodia is scheduled to begin production in the first quarter of 2008. The company might invest in a second plant there in the next five years.