SCG RAISES STAKE IN VN PETROCHEMICAL PROJECT

Corporate June 07, 2018 01:00

By The Nation

Siam Cement Group (SCG) has increased its holding in Long Son Petrochemical Co Ltd (LSP) from 71 per cent to 100 per cent, which will be the first petrochemicals complex in Vietnam, the company’s president and CEO Roongrote Rangsiyopash said in a press release yesterday.



The project will have a production capacity of 1.6 million tonnes of olefins per year, which is used to produce plastic pellets, HDPE, LLDPE and PP for local demand, currently at 2.3 million tonnes per year. 

Demand for olefins is expected to grow in line with the country’s economic expansion, he added.

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