A slew of construction material firms especially cement producers in Vietnam have become Thai ownership through mergers and acquisitions (M&A), which is forecast to keep going on in the upcoming time.
The latest deal took place in March when Thai SCG Cement-Building Material Company purchased 100 percent shares worth US$156 million from shareholders of Vietnam Construction Material Company (VCM). The plant has the capacity of 3.1 million tons a year in the central region.
Counting payment of VCM net debt and costs spent on improving the effectiveness of purchased properties, the total amount which SCG has invested in the Vietnamese firm reaches $440 million. The deal increases SCG capacity to 10.5 million tons in ASEAN block in addition to 23 million tons in Thailand.
Previously, the Thai firm bought 85 percent shares of Prime Group at the price of $240 million making it the largest glazed tile maker in the world in 2012. Three years later, SCG continued buying the remaining of 15 percent share.
In 2011, SCG purchased Buu Long Cement Company in Dong Nai province and invested $5.5 million to raise capacity to 200,000 tons cement a year.
SCG subsidiaries have acquired 20 percent stock of Thieu Nien Tien Phong (Pioneer Teenager) Plastics Company and 17 percent share of Binh Minh Plastic Firm.
The Thai company’s representative said that they had invested hundreds of millions of US dollar in Vietnam in many different projects and intended to increase the investment to $1 billion this year.
Thai Siam City Cement Company (SCCC) has spent about hundred of million of dollar to own 65 percent legal capital of Holcim Vietnam under LafargeHolcim Group.
Résumé en français
La société thaïlandaise SCG Cement-Building Material Company a pris le contrôle de :
- Vietnam Construction Material Company (VCM) pour un montant total de 440 millions de dollars.
- Prime Group pour un montant de 240 millions de dollars.
- Buu Long Cement Company.
- 20% de Thieu Nien Tien Phong (Pioneer Teenager) Plastics Company
- 17% de Binh Minh Plastic Firm.
Les investissements de SCG au Vietnam devraient atteindre un milliard de dollars en 2017.
De son côté, Thai Siam City Cement Company (SCCC) a pris le contrôle de 65% d’Holcim Vietnam.
Illustration en vidéo
Source de l’information
Article: Construction material industry sees expanding Thai acquisition.
Sujet et source de l’image
Sujet de l’image: Cimenterie – SCG.
Source de l’image : Image extrait de la vidéo ci-dessus..