Thailand: SCG’s cement business is increasing its share to 100% from 50% in two companies in two logistics subsidiaries, Thai Prosperity Terminal (TPT) and Bangkok Interfreight Forwarding Company (BIFC). Both companies have a combined value of around US$4m. The transactions are expected to complete in the first quarter of 2019.
TPT provides commercial port operation management services for both import and export consisting of Phra Pradaeng Port and Map Ta Phut Port. BIFC provides water transportation services for containers and container moving services at the ports of TPT. Increasing its stake in the companies is expected to allow SCC to provide logistics services in the areas of port and freight forwarding and will enable it to use its own assets better and facilitate domestic port to port expansion.
