Siam Cement invests here<\/p>\n
BANGKOK (Reuter): The Siam Cement Plc said yesterday it will
\nteam up with Tianjin Building Materials General Corp to invest in
\na 900 million baht gypsum board plant in China.<\/p>\n
Siam Cement also said in a filing to the Stock Exchange of
\nThailand that it is investing in a 50-50 joint venture with the
\nWings Group of Indonesia to produce the same building material in
\nIndonesia.<\/p>\n
The Thai company said it will hold a 71 percent stake in the
\nChinese project, which will have a capacity to produce 20 million
\nsquare metres of gypsum boards a year. Tianjin Building will own
\nthe remaining 29 percent of the capital.<\/p>\n
Siam Cement's 910 million baht Indonesian plant will also have
\nthe same output capacity.<\/p>\n
Siam Cement said it will also take a 63 percent stake in a 725
\nmillion baht joint venture to produce small diesel engines in
\nSichuan, China.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/siam-cement-invests-here-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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