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Thai conglomerate SCG dominates Vietnam's plastic production industry

SCG headquarters in Bang Sue District, Bangkok, Thailand. Photo courtesy of SCG
HANOI (Vietnam News/ANN): After buying Duy Tân Plastic Corporation, Thailand’s Siam Cement Group (SCG) is cementing its domination of Vietnam s plastic production industry.
Under the contract signed on Feb 9 via a virtual conference, Duy Tân will sell 70 per cent of its shares in five of total twenty-two subsidiary companies, including Duy Tân Plastic Manufacturing Corporation and Duy Tân Long An Corporation, to SCG’s SCG Packaging, Duy Tân said.
Duy Tân Plastic is a leading company in the plastic goods market in Vietnam with revenue of VNĐ4.7 trillion in 2020. It has nearly 1,000 commodities units and 16,000 distribution agents across the country. ....

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