Thai cement giant to make Vietnam ‘top priority’ market – VnExpress International


By Dat Nguyen  &nbspApril 5, 2021 | 04:44 pm GMT+7
Thai cement giant to make Vietnam 'top priority' market  Thai cement giant to make Vietnam 'top priority' market - VnExpress International download 1617613776 4088 1617613837

The logo of the Siam Cement Public Company Limited is pictured at its office building in central Bangkok, Thailand. Photo by Reuters/Chaiwat Subprasom.


Siam Cement Group (SCG), one of Thailand’s leading industrial companies, has earmarked Vietnam as its top priority market in upcoming years.

Once a petrochemicals plant comes online in southern Vietnam, the company anticipates revenue from Southeast Asia excluding Thailand would rise to 35 percent of the total from the current 26 percent, its CEO Roongrote Rangsiyopash told Nikkei.

“We have several projects ongoing, some big ones like a chemicals complex in northern Vietnam. That one, fortunately, has had no impact from the pandemic,” he added.

The group has seen a trend of localized production within ASEAN and will make this a focus.

“For the next few years, I foresee Vietnam would be our top priority,” Roongrote stated.

SCG recently signed an agreement to buy 70 percent of Duy Tan Plastics, the largest manufacturer of rigid plastic packaging products in Vietnam, bringing its number of packaging companies in the country to eight.

The group started investing in Vietnam in 1992. It has over 20 subsidiaries in Vietnam in the cement and building materials, chemicals and packaging industries. It has been investing in the packaging industry for over a decade.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Thai cement giant to make Vietnam ‘top priority’ market – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF