Monday, March 24, 2008

Thai SCC in JV to build petrochemical plant in Vietnam

Thailand's top industrial conglomerate - Siam Cement, in a joint venture with Vietnamese companies to build a US$3.5-4 bln petrochemical plant in southern Vietnam. Siam Cement subsidiaries would own 71% stake in the plant, while Vietnam Oil, Gas Group (Petrovietnam) and Vietnam National Chemical Corporation will hold the balance.
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