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SCG acquires construction material operations in Vietnam

by VOV08 March 2017 Last updated at 17:39 PM

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VTV.vn - SCG, a leading business conglomerate in the ASEAN region, announced today (Mar. 8) that it has acquired the assets of Vietnam Construction Materials Company, Ltd. for US$156 million.

The acquisition is highly aligned with our strategic goal to establish leadership positions in resilient, attractive markets and further enhance our mix of vertically integrated operations, said SCG in a prepared statement.

We plan to create a more efficient operating dynamic in Vietnam by combining the efforts of this separately owned business into one cohesive SCG unit. Additionally, the purchase provides a highly strategic platform to capitalize on leading market positions and growing regional demand to serve as a supplier of choice.