Home > News Release

News Release

News

SCG’s Acquisition of an integrated Cement Operations in Central Vietnam for further sustainability in ASEAN

Date : 29 March 2017


 

SCG Cement-Building Materials Company Limited, a wholly-owned subsidiary of SCG, has acquired the 100% equity (US$156 million) or approximately 5,460 million Bath in Vietnam Construction Materials JSC (or “VCM”), which is an integrated cement operator in central Vietnam, from existing owners. The enterprise value (EV) of this transaction is US$440 million (approximately 15,400 million Baht), which includes net debt and additional efficiency improvement investment to the acquired assets.

With the cement acquired production capacity of 3.1 million tons (OPC-equivalent) in central Vietnam, there is potential for further efficiency enhancements to the total capacity. Central Vietnam is characterized by a well-balanced supply and demand equilibrium of cement. Following this transaction, SCG’s combined cement capacity across ASEAN (ex-Thailand) increases to 10.5 million tons, relative to the existing 23 million ton capacity in Thailand.

Furthermore, SCG’s efforts are in place to continually ensure that the integrated business
and community model remains across ASEAN. All factories under SCG are focused in creating world class products, along with implementing safety mechanisms in production for the community, the society and the environment. Ultimately, to sustainably increase the standard of living of all ASEAN stakeholders.

 
  Back

 

Related news

SCG and CITIC HIC sign up Engineering Procurement and Construction contract for cement plant (KCC2) in Cambodia
SCG Indonesia Introduces Innovative Building Materials at ‘SCG Family’ Gathering
Jayamix powers foundation structure of big building in Indonesia with 4,600 - cubic metre Mass Concrete Pouring
SCG holds groundbreaking ceremony of Khammouane cement plant in Lao PDR to offer premium quality products and pave way for the upcoming AEC
SCG partners with N.C. Housing to develop home innovations for the elderly to address the needs of modern-day living
SCG’S FIRST AUTHORIZED DEALER PROMISES TO BRING PREMIUM QUALITY PRODUCTS AND SERVICES TO CUSTOMERS IN CAMBODIA
SCG joins in exhibition at "Thai Village" on the occasion of 40 years of diplomatic relations between Thailand and Vietnam
SCG joins IndoBuildTech Expo Jakarta 2016 under concept “Better Construction Experience”
SCG BUILDS ‘A PLACE OF HAPPINESS’ FOR FAMILIES AT VIETBUILD 2016 WITH HIGH PERFORMANCE INTEGRATED SYSTEMS FOR COMFORT LIVING
SCG partners with Black Cat to set up an express small parcel delivery service company