Belt and Road paves way for Thai con­glom­er­ate ex­pan­sion

Southeast Asia Globe - - Agenda -

Thai in­dus­trial con­glom­er­ate Siam Cement Group is seeking out op­por­tu­ni­ties to ex­pand in­vest­ment be­yond the reach of South­east Asia as plans for China’s Belt and Road Inia­tive (BRI) so­lid­ify.

With the con­glom­er­ate cur­rently gen­er­at­ing the vast ma­jor­ity of its revenue from the ten-mem­ber Asean bloc, any move be­yond the re­gion would be a di­ver­gence from its pre­vi­ous busi­ness strat­egy.

The firm’s CEO and pres­i­dent Roon­grote Rangsiy­opash said last month that both South China, where the com­pany al­ready has some

oper­a­tions, and In­dia would be nat­u­ral paths for ex­pan­sion as neigh­bours to South­east Asia. The BRI specif­i­cally would serve as an op­por­tu­nity to sell Siam Cement Group prod­ucts, as in­fra­struc­ture de­vel­op­ments and pri­vate-sec­tor in­vest­ments mush­room along the re­vived eco­nomic chain con­nect­ing Europe, Asia and Africa.

With petro­chem­i­cal com­plexes by the con­glom­er­ate in the works in Viet­nam and In­done­sia in the near fu­ture, how­ever, these ex­pan­sion plans would have to wait at least five years un­til cap­i­tal was made avail­able.

Roon­grote Rangsiy­opash, CEO and pres­i­dent of Siam Cement

Newspapers in English

Newspapers from Cambodia

© PressReader. All rights reserved.