Siam Cement, partners plan to fund a petrochemical plant in Vietnam

03-Jul-10
Siam Cement, Thailand’s number three company by market value has increased investments in petrochemical plants in Thailand and Vietnam. Siam Cement, Qatar Petroleum and Vietnamese government have partnered for the 1.4 mln ton olefins complex in the southern province of Ba Ria Vung Tau. The plan to build Vietnam’s biggest petrochemical plant was announced in March 2008 with an investment outlay of US$4 bln, was frozen due to credit problems during the global economic slowdown. Along with its partners, Siam Cement plans to fund a petrochemical plant in Vietnam to offset a delay in securing project financing. Since the long time taken by the project financing seems to be delaying the project company plans to be in talks with about the financing.
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