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Thailand: Siam Cement Group sets investment budget for this year.
Section: Business News - Siam Cement Group, the country's largest industrial conglomerate, has allocated an investment budget of Bt20 billion for this year, half of which will go to expanding the production capacity of some petrochemical projects isolated from the Map Ta Phut fiasco, The Nation reports.
The budget excludes mergers and acquisitions (M&A), which should not exceed Bt10 billion per deal, president and CEO Kan Trakulhoon told reporters on January 27.
About Bt10 billion was allocated to the petrochemical business unit. About Bt5 billion-Bt6 billion will be spent on maintenance and the rest is planned to improve production efficiency and save energy. …
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