Siam Cement Group lays Vietnam foundation
Siam Cement Group (SCG), Thailand’s top industrial conglomerate, aims to nearly triple its building material sales in Vietnam to about THB1bn by 2015 as it captures rising spending power in the country.
Sattawat Thitaram, the Vietnam country director of SCG Building Materials, said the company would open a showroom in Ho Chi Minh City next year following last week’s official launch in Hanoi.
SCG aims to achieve total building material sales in Vietnam this year of around US$13m (THB420m), up approximately 35% from 2010, he said.
To achieve its 2015 sales target, SCG plans to increase the number of its authorised dealers in Vietnam from 30 to 50 over the next five years to strengthen its distribution network.
Published under Cement News
