SCG acquires construction material operations in Vietnam

VOV.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.

scg acquires construction material operations in vietnam hinh 0
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. 

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