Wed, Jun 21, 2017 - Page 11 News List

Thai companies investing a record amount overseas

GREENFIELD INVESTMENT:Siam Cement sets aside about US$1.5 billion a year on capital spending for its overseas projects in other Southeast Asian countries

Bloomberg

Siam Cement sets aside about US$1.5 billion a year on capital spending for its overseas projects in Southeast Asia, which include a plant in Vietnam and a packaging business in Indonesia, the company said in an e-mail.

Cement plants in Myanmar and Laos started operating this year, it said.

The surge in outflows is set to continue with significant investment in projects starting from scratch, Geneva, Switzerland-based UN Conference on Trade and Development analyst Astrit Sulstarova said.

“Greenfield investment is a driving force of Thai companies’ international expansion,” Sulstarova said. “Total investment of announced greenfield projects amounted to US$15 billion in 2016, a historical high. The implementation of these projects will result in a large amount of outward FDI [foreign direct investment] from Thailand.”

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