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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

SCG Chemicals increases stake in Bangkok Synthetics

December 16, 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 whole of NSL Chemicals Thailand for 8.02 billion baht ($250 million), SCG says. NSL Chemicals 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. BST’s manufacturing complex is at the Map Ta Phut industrial estate. BST mainly produces butadiene. BST has...

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