The Hanoitimes - SCG a Thai-owned Southeast Asian conglomerate, reported first quarter revenue from sales of VND6 trillion (US$267 million) from its Vietnam operations, a 10% year-on-year increase.
Based on the first quarter of 2018 report, SCG in Vietnam owned VND36.3 trillion (US$1,5 million) worth of total asset. The company reported the first quarter of 2018 revenue from sales at VND6 trillion (US$267 million), which includes sales from both operation in the country and imports from the Thai operations, this represents an increase of 10% year-on-year mainly from packaging, cement and building material products.
For the latest movement in the Vietnam, SCG held the groundbreaking ceremony for its flagship project - Long Son Petrochemicals (LSP) at the production location in Long Son Commune (Ba Ria - Vung Tau province). The ceremony was inaugurated by Prime Minister Nguyen Xuan Phuc and authorities from both Vietnam and Thailand. This states a progress of the project to bring prosperous future to Vietnam in both advancing local industry and better living for people by offering competitiveness of petrochemical long-term value chain.
Roongrote Rangsiyopash, President and CEO of SCG.
In addition, the Nawaplastic Industries (Saraburi) Company Limited (or Nawaplastic), a subsidiary of SCG, has purchased more shares of Binh Minh Plastic Joint Stock Company (BMP) which is one of the leading producer and seller of PVC pipes and joints in Ho Chi Minh City Stock Exchange, which makes Nawaplastic’s existing stake in BMP become 50.9%. With the passion for better serve customers, SCG supports management to advance company performance to offer a quality plastic pipe to construction market.
The company reveals its focus to develop innovations and deliver a full range of products and service solutions to address the needs of customers across ASEAN to achieve sustainable growth. "The Company’s unaudited Operating Results for the first quarter of 2018, with registered revenue from sales of VND85.1 trillion (US$3,749 million)," said Roongrote Rangsiyopash, President and CEO of SCG.