Tag: Siam Cement Group

Those Continue to Expand: Siam Cement Group (2)

Pretty much as predicted, Siam Cement Group continued its expansion in Indonesia. This time, SCG Retail Holding Co Ltd entered construction material distribution company PT Catur Sentosa Adiprana Tbk (CSAP) through the subscription of new shares. SCG Retail subscribed 405.3 million new shares of CSAP at Rp552.4 per share or a total consideration of Rp224 billion.

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Those Continue to Expand: Siam Cement Group

SCG Chemicals, unit of Thailand-based Siam Cement Group, made a very good bet in acquiring 30% shares of petrochemical giant PT Chandra Asri Petrochemical Tbk (TPIA) in September 2011 for US$441 million only. Today, SCG controls 31% shares worth around US$2.3 billion. Chandra Asri has since continued multi-billion dollar expansions.

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