30 March 2012 22:33 [Source: ICIS news]
HOUSTON (ICIS)--Siam Cement Group (SCG) and Mitsui Chemicals will set up joint operations in ?xml:namespace>
The joint venture firm, called Siam Tohcello Co Ltd (STC), will operate in the Eastern Seaboard Industrial Estate of Rayong province, with commercial production planned for early 2014, SCG said in a filing to the Stock Exchange of Thailand.
Production will primarily cater to customers within Asia, it said.
STC will be joint venture between SCG Chemicals, a wholly owned subsidiary of SCG, and Mitsui Chemicals Tohcello Inc (MCTI), a unit of
“With a total investment value of a 1,400 MB [
STC’s LLDPE cast films are considered as high value-added (HVA) products that will be used primarily in food packaging, and are expected to contribute greatly to hygienic and safe food preservation standards in the consumer and distribution sectors, SCG said.
($1 = Bt30.80)
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