SCG Cement – Building Materials Co., a subsidiary of Thailand-based The Siam Cement Public Co., is to establish a logistics joint venture in Indonesia with PT Barito Investa Prime, a subsidiary of the Barito Group. Siam will hold 49% of the new company on an investment of THB162 million (US$4.8 million).
Operations at the new company, which will be called PT SCG Barito Logistics, are expected to begin in 4Q17. The investment builds on both Siam and Barito Group’s existing logistics operations in Indonesia.
Following the deal start-up of SCG Barito Logistics, both companies expected a “further increase in the competitive advantage in areas such as increased network coverage and enhanced cost efficiency, with future growth expansion towards other external clients bases across Indonesia.”
Read the article online at: https://www.worldcement.com/asia-pacific-rim/04072017/siam-cement-invested-in-indonesian-logistics-business/