Siam Cement Group CEO: Southeast Asian manufacturing scale must expand to counter China's overcapacity
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View chart & analysis → - 1The Siam Cement Group CEO stated that China's overcapacity is a reality and Southeast Asian manufacturers must build factories large enough to serve the entire region.
- 2The combined value of SCG Chemicals and PTT Global Chemical is estimated at 187 billion Thai baht ($5.5 billion).
- 3If the trend from January to May continues, China's projected polypropylene exports for 2026 will be approximately 5.1 million tons.
So what's the key point?
China is producing too many goods, so Southeast Asian factories need to grow larger. The value of the companies merging is estimated at $5.5 billion.
Source Fortune · View original ↗
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