Philippines: Thailand-based Siam Cement Group seeks to put up a manufacturing facility for fibre cement boards, smart boards and ceramic tiles, The Nation reports. These planned projects would cater to not only the domestic market but also SGC's markets across the Asean nations.
"If the products are marketable here, we plan to produce those products here. Investments would depend on market size. For example, for fibre cement board, we need (to be able to sell at least) 5Mm2 to (justify the cost of putting up a facility). The current local demand is 30Mm2," said Surasak Kraiwitchai-charoen, international business director of SCG Building Materials Group in Thailand.