Thailand: Siam Cement may raise sales target, core businesses strong

Thailand's top industrial conglomerate, Siam Cement Plc, is considering raising its 2013 sales growth target due to a strong first-half performance in its core cement businesses, petrochemicals and paper, its chief executive said.

Both domestic and foreign markets have shown higher-than-expected growth so far this year, Kan Trakulhoon told reporters on the sidelines of a seminar.

The company was also in talks to acquire a paper packaging plant in Indonesia and planned to conclude details about an investment in a cement plant in Myanmar in July or August, Kan said.