SCG plans petrochemical plant in Vietnam

Siam Cement Plc on Thursday announced that it has inked a joint venture agreement with Vietnam Oil and Gas Group (PetroVietnam) and Vietnam National Chemical Corporation (Vinachem) to build a US$3.5 billion-US$4 billion petrochemicals complex on Vietnam's Long Son Island.

Following the agreement, the joint venture would seek the investment approval from the government to erect the world-class petrochemical plant.

Siam Cement will invest in the project through its subsidiary, Thai Plastic and Chemicals Plc, which would hold a 71 per cent stake in the joint venture.

"The financial returns are to be finalised and approved by the company's board of directors. SCC is finalising details on investment and expenditures, a key factor for the investment decision," the company said in the statement to the Stock Exchange of Thailand.

- The Nation

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SCG plans petrochemical plant in Vietnam

Siam Cement Plc on Thursday announced that it has inked a joint venture agreement with Vietnam Oil and Gas Group (PetroVietnam) and Vietnam National Chemical Corporation (Vinachem) to build a US$3.5 billion-US$4 billion petrochemicals complex on Vietnam's Long Son Island.

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