SINGAPORE (ICIS)–Siam Cement Group is studying a potential restructuring of its chemical business, including the possibility of a public offering of its shares, the Thailand-based producer said late on Wednesday.
This feasibility study for the restructuring is expected to be completed by the end of 2022, the company said in a filing to the Stock Exchange of Thailand.
The restructuring is aimed at furthering growth opportunities in the chemicals business, “such as a potential to further expand capacity in ASEAN”, SCG said.
SCG in the same statement said that it has signed a share purchase agreement on 27 April to acquire a 70% stake in Portugal-based Sirplaste.
Plastic recycling company Sirplaste has an annual capacity of 36,000 tonnes …
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