SCG Cement buys Vietnam Construction Materials

Siam Cement Group’s wholly-owned subsidiary SCG Cement-Building Materials Co has acquired 100 per cent of Vietnam Construction Materials JSC, an integrated cement operator in central Vietnam.

The US$440m enterprise value of this transaction includes net debt and additional efficiency improvement investment in the acquired assets.

This deal brings SCG’s cement capacity across ASEAN outside Thailand to 10.5Mta, relative to its 23Mta capacity in Thailand.