Displaying items by tag: Vietnam Construction Materials
Siam Cement Group buys Vietnam Construction Materials
08 March 2017Vietnam: 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.
Vietnam: Vietnam Construction Material Company (VCM) has inaugurated a cement plant for its StartCemt brand in Dong Nai. VCM also operates a 5000t/day integrated cement plant at Van Hoa, Quang Binh and three cement grinding plants in the south of the country. VCM currently sells over 200,000t/month of clinker and 40,000t/month of StarCemt cement.The StarCemt brand was established on 1 May 2015.