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Major stake in tyre unit sold to Michelin.
Byline: Santan Santivimolnat
Jun. 3--The French tyre maker Michelin has won majority control of its tyre-making joint venture in Thailand after the decision by Siam Cement Plc to sell most of its holding in Michelin Siam Group.
Siam Cement said yesterday it would sell a 30 percent stake in Michelin Siam to its French partner, in line with the Thai conglomerate's strategy to sell off non-core businesses and focus on cement, construction materials, pulp and paper and petrochemicals.
The sale is taking place despite the fact that automotive tyre manufacturing has high potential due to the country's fast growing automotive industry.
Two ...
- Michelin takes majority holding in Thai venture.(Michelin Siam Group)(Brief...
- Magazine article from: European Rubber Journal Raleigh, Patrick December 1, 2000 700+ words
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- Michelin Siam Group plans capacity increase.(Brief Article)
- Magazine article from: Rubber & Plastics News Davis, Bruce May 8, 2000 700+ words
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- THAILAND'S SIAM CEMENT TO REDUCE STAKE IN MICHELIN JOINT VENTURE.
- News wire article from: AsiaPulse News June 3, 2005 700+ words
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- Michelin Siam keeps environment in mind.
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Oct. 16--Michelin Siam Group, Thailand's...Hirunyawanich, the president of Michelin Siam Group, a partnership...Michelin Group and the Siam Cement Group (SCG). A decade...tyres," he said. Michelin Siam had launched many projects...
- The Siam Cement Public Company Limited
- Reference information from: International Directory of Company Histories January 1, 2004 700+ words
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- Siam Cement makes offer for NPC; Thai firms' profits soar.(business & finance...
- Magazine article from: Chemical Week Young, Ian September 1, 2004 700+ words
Siam Cement says it has made a tender offer to purchase...Thai stock exchange rules following Siam Cement's recent acquisition of an additional...June 23, p. 14). That deal raised Siam Cement's TPC stake to 37% and triggered...
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