Siam Cement to invest in expanding business
Siam Cement Group (SCG) has decided to invest about THB100bn (US$3.35bn) by 2015 to expand its businesses across Asean, which includes its planned acquisition of two cement plants, and paper and building-material units. About 50% of the planned investment budget from 2011-2015 would be earmarked for mergers and acquisitions and the remaining funds will be utilised for upgrading existing plants in Thailand to produce value-added products. In 2011, SCG plans to set up a green-field cement plant in Indonesia entailing an investment of THB10bn. The second cement unit of SCG in Cambodia is likely to be ready by 2013.
Published under Cement News
