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SPP restructures, plans asset sales.
Siam Pulp & Paper (SPP) is proceeding with the sale of assets as part of its restructuring plan designed to achieve international competitiveness. Undertbe plan being implemented by Siam Cement, SPP's parent company, any core group business must be able to be a leading regional player, says Chaiyot Chanyam, corporate planning office manager, SPP.
The relatively small capacity of many of its operations prevent SPP's pulp and printing and writing businesses from achieving leading regional player status. So the company has decided to sell all or part of these businesses, says Chaiyot, even though the company's printing and writing paper enjoys a strong position as a …
