SCG rejigs investment plans
Increasing energy prices a major factor
The widening impact of the Russia-Ukraine war is causing SET-listed Siam Cement Group (SCG), Thailand’s largest cement maker and industrial conglomerate, to review its investment plan this year as energy and raw materials prices are increasing.
The company earlier vowed to allocate 80 billion baht for investments in Thailand and overseas this year.
“We will delay some new investment projects, especially greenfield investments, and consider increasing more investments under merger and acquisition plans to avoid possible impact on our long-term financial management,” said Roongrote Rangsiyopash, president…
