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SCG Chemicals increases stake in Bangkok Synthetics

7:14 AM MST | November 18, 2013 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), has signed a share purchase agreement with NSL Chemicals (Singapore), to buy the entire stake in NSL Chemicals Thailand for 8.02 billion baht ($255 million), SCG says. NSL Thailand holds a 22.83% stake in petrochemicals producer Bangkok Synthetics (BST). With the acquisition of NSL Chemicals Thailand, SCG Chemicals increases its stake in BST from 26.01% to 48.84%, SCG says. The manufacturing complex of BST is located at the Map Ta Phut industrial estate. BST mainly produces butadiene and...

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