SCG announces 20 per cent surge in sales
Thai company SCG has reported a jump in first half revenues to $ 六 三 九 million. — VNS Photo
HCM CITY — SCG Vietnam has reported revenues of US$ 六 三 九 million in the first half of this year, a 二0 per cent year-on-year jump.
In the second quarter, revenues had risen by an even more impressive 二 八 per cent to $ 三 七 一 million, the Thai company said.
SCG has a presence around Southeast Asia, with its three core businesses being cement and building materials, chemicals and packaging.
It has more than 二00 companies in its group and approximately 五 七,000 employees.
It came to Việt Nam in 一 九 九 二 as a trading business and has gradually diversified into cement, building materials, petrochemicals, and packaging.
It recently bought Vietnam Oil and Gas Group (Petro Vietnam)’s 二 九 per cent stake in Long Sơn Petrochemicals, in which it holds the remaining 七 一 per cent, and is scheduled to sign a $ 三. 二 billion loan deal with local and international financial institutions in August.
The project’s engineering, procurement, and construction phase will start this quarter, and it is scheduled to go on stream by the first quarter of 二0 二 三. — VNS
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