China’s Capital Freeze Hits Malaysia Project

• 23 May 2017
• Construction Focus
• 2191 Views

SCG Cement – Building Materials Company Ltd has expanded its Vietnam holdings with the purchase of Vietnam Construction Materials JSC for USD156 million.

The Central Vietnam-based company has a cement production capacity of 3.1 million tons though SCG hopes to increase production through efficiency improvements.

“Following this transaction, Siam Cement Group’s combined cement capacity across ASEAN (excluding Thailand) increases to 10.5 million tonnes, relative to the existing 23 million tonne capacity in Thailand,” according to the firm. First investing in Vietnam in 1992, SCG now operates 22 units there in construction materials, petrochemicals and packaging.

SCG has now invested USD700 million in Vietnam. SCG also produces cement in Cambodia in a JV with the Chip Mong Group.