LSP will produce various petrochemical products, including essential plastic resins such as polyethylene (PE) and polypropylene (PP), to serve customers both domestically and internationally.
The revenue mainly came from chemicals business, the company said, adding that over the past nine months, its revenue from sales in Viet Nam stood at VND22.65 trillion ($989 million).
SCG has signed loan agreements worth over US$3.2 billion with six banks in its home country, Thailand, to fund construction of Viet Nam’s first fully integrated petrochemical complex, Long Son Petrochemicals Company Limited (LSP).
Thailand-based conglomerate SCG on February 24 broke ground at its flagship project of Long Son Petrochemicals (LSP) at Long Son Commune, Ba Ria – Vung Tau Province, 100km away from HCM City.
Thailand’s SCG Group wants complete stake of Viet Nam Oil and Gas Group (PVN) to own 100 per cent of the Long Son Petrochemicals (LSP) Complex in the southern province of Ba Ria —Vung Tau.
Thailand’s Siam Cement Group (SCG) has acquired a part of Long Son Petrochemicals (LSP) Complex for US$36.1 million, reviving its delayed petrochemical complex in Viet Nam.