Siam Cement acquires majority stake in Thai building materials producer

Print this page

Thailand: Siam Cement Group's subsidiary SCG Cement has acquired a 55% stake in Thai cement-bonded particleboard maker Panel World for US$17.2m. Panel World has an annual production capacity of 2.4Mm2 and is set to double after a new production line starts operating by the end of 2014. Panel World posted a net profit of US$2.53m in 2013 on sales of US$9.81m.

"SCG is determined to increase its competitiveness and strive to be a market leader in building materials," said SCG's president and CEO Kan Trakulhoon.

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >


© 2022 Pro Global Media Ltd. All rights reserved.