Leading Thai industrial group considers VN its top priority market
Siam Cement Group (SCG), one of Thailand's leading industrial companies, has earmarked Viet Nam as its top priority market in the coming years.
“I think, at this point, Viet Nam. Maybe secondly would be Indonesia,” SCG CEO Roongrote Rangsiyopash said in an interview with Asia Nikkei Review when asked about the group's priority markets.
Once a petrochemicals plant comes online in southern Viet Nam, the company anticipates revenue from Southeast Asia excluding Thailand would rise to 35 per cent of its total from the current 26 per cent, he said.
“We have several projects ongoing, some big ones like a chemicals complex in southern Viet Nam. That one, fortunately, has had no impact from the pandemic,” added Roongrote.
SCG is the largest cement group in Thailand. In 2016, the US’s Forbes Magazine listed SCG as Thailand’s second-biggest company and the world’s 604th largest firm. — VNS
