Siam Cement plans to expand Vietnam operations

Siam Cement plans to expand Vietnam operations
08 November 2012

Thailand’s Siam Cement Group (SCG) will invest US$2m to expand its Vietnam operations next year with a total capacity of 100,000tpa.

Pramote Techasupatkul, President of SCG Cement, told local press that now is not the right time to build a new cement plant in the country due to the cement surplus issues it is currently facing: “However, we have still drawn up the plan to expand the production of high-quality white and grey cement in Vietnam in the near future,” he said.

SCG Cement in March had acquired 99% equity of Buu Long cement plant in Dong Nai Province to produce white cement for local demand with a total output of 50,000tpa. It spent an estimated US$5.5m purchasing the stake and upgrading the factory.

Published under Cement News