Siam cement wholly takes over Boral Indonesia.
Thai conglomerate Thailand Siam Cement Public Company Ltd has
wholly taken over mixed concrete producer PT Boral Indonesia as part of
its plan to expand business in Southeast Asia. Siam Cement president Kan
Trakulhoon said his company has reached an agreement with Boral Ltd from
Australia, the old owner of Boral Indonesia. Boral Indonesia is a
producer of ready mixed concrete (RMC) known with the brand of Jayamix
with a capacity of 2.2 million tons. Boral Indonesia has 40 RMC
factories located in various areas in Java and Sumatra. In addition,
Boral Indonesia has other assets including production facility for
concrete pipes and other types of concrete product and limestone mines
to supply the feedstock for its products. Siam Cement is controlled by
the Thai royal family established in 1913 by King Vajiravudh (Rama VI).
Around 30% of its shares are owned by the Kingdom Property Bureau.
Currently it has more than 100 subsidiaries operating in various
business areas such as cement, chemical, and paper and building material
industries and in distribution business.