Bangkok Post – SCG unit fined $20m for evading US sanctions on Iran

April 20, 2024

Documents obscured source of goods shipped from Iran joint venture, US officials say

PUBLISHED : 20 Apr 2024 at 14:19

SCG Chemicals operates petrochemical plants in Thailand (at Rayong, above), Vietnam and Indonesia, with a combined annual capacity of 6.9 million tonnes. (Photo: SCG)

A unit of Thailand-based SCG Chemicals Plc, part of the Siam Cement Group, has agreed to pay $20 million (735 million baht) to the United States to settle potential civil…