Jardine C&C buys 25% in Thailand's Siam City Cement for $615m

Jardine C&C buys 25% in Thailand's Siam City Cement for $615m

Visual from the company website

Singapore-listed Jardine Cycle & Carriage Monday said it will pay $615 million (S$842 million) for a 24.9 per cent stake in Thailand’s second largest cement maker Siam City Cement.

Siam City Cement, that is listed on the Thailand stock exchange, owns three plants with a total cement production capacity of 14.5 million tonnes per annum. In addition to cement, it also produces concrete and other building materials.

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