About

The largest cement and building materials company in Thailand and Southeast Asia, SCG has recently been pursuing an aggressive investment strategy in various ASEAN countries, especially developing countries expecting economic growth. As a result, it currently operates cement plants in Cambodia, Indonesia and Myanmar and operates a capacity of 10.5 million tons abroad, or roughly half of the 23 tons it boasts at home in Thailand. SCG’s regional legal function has been credited for playing an active role in facilitating this strategy. In 2017 it executed the acquisition of several plants in central Vietnam, boosting overseas production capacity by 40%. The transaction, which saw SCG acquire a 100% stake in Vietnam Construction Materials is estimated to have an enterprise value of US$440m, including net debt and investment costs for improving acquired assets. The team also contributed to the sale of SCG’s 15.59% stake in Thailand’s top oilfield maker PTT Chemical for US$1.10bn, enabling the company to gather additional funds for the domestic and regional expansion of its core business.