Economy & Market
SCG Cement-Building Materials 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 $440-million 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 10.5 million tonnes, relative to its 23-million-tonne capacity in Thailand.