Siam cement wholly takes over Boral Indonesia.Siam Cement The Siam Cement Public Company Ltd. is a large cement company in Thailand. It is listed on the Stock Exchange of Thailand (trading symbol: SCC).
It was founded under the Royal Decree of King Vajiravudh in 1913. 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 RMC Royal Military College
RMC Radio Monte Carlo
RMC Randolph-Macon College (Ashland, Virginia)
RMC Regional Medical Center
RMC Robert Morris College (Illinois)
RMC Rocky Mountain College ) 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 other assets
Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. 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.
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|Title Annotation:||Corporate News in Brief|
|Publication:||Indonesian Commercial Newsletter|
|Date:||Feb 1, 2012|
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