Thai TPC, SCG to Build Petrochemical Complex in Vietnam
Thai Plastic and Chemicals (TPC) and SCG Chemical of Siam Cement Group (SCG) plan to build a petrochemical complex in Vietnam between 2011 and 2015, said Kanet Khaochan, TPC’s managing director.
The state-run Vietnam Oil and Gas Group (PetroVietnam) will be likely to contribute money to the complex.
TPC, SCG and PetroVietnam now are investors of the underway US$3.77-billion Long Son petrochemical complex in the southern province of Ba Ria-Vung Tau.
TPC is the leading manufacturer and distributor of polyvinyl chloride polymer (PVC) in Southeast Asia. The firm plans to raise its annual capacity of producing PVC in Vietnam to 200,000 tons from current 110,000 tons in the next five years.
SCG, the third largest industrial group in Thailand, started operation in Vietnam since 1990 and has to date owned four representative offices and seven subsidiaries operating in petrochemical and paper and building material production fields in the Indochinese country. (Vietnam & World Economy)
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