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Thai Siam Cement Group Subsidiary Expands in Vietnam.
Byline: Yuthana Praiwan
Feb. 3--Siam Refractory Industry Co, a maker of heat-resistant materials and a subsidiary of Siam Cement Group, is planning a two-billion-baht venture in Vietnam, according to managing director Somyod Tangmeelarp.
The venture was planned to capitalise on rising demand for refractory materials in Vietnam where many new factories require products and materials able to withstand extremely high temperatures.
Vietnam was chosen as the location for the production site due to its close proximity to China, one major source for raw materials.
The company decided against building a factory in China because many European ...
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