Vietnam: Thailand’s Siam Cement Group (SCG) has purchased a 100% stake in Vietnam Construction Materials for US$155m. The enterprise value of the transaction is valued at US$440m, including net debt and additional efficiency improvement investment to the acquired assets, according to the Bangkok Post. Vietnam Construction Materials has a cement production capacity of 3.1Mt/yr including one integrated plant at Tuyen Hoa in Quang Bing Province. The acquisition raises SCG’s cement production capacity in the Association of Southeast Asian Nations (ASEAN) region outside of Thailand to 10.5Mt/yr. It follows other purchases by SCG of Vietnamese building materials companies including the white cement producer Buu Long.
Siam Cement Group buys Vietnam Construction Materials
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