Media: SCG to push ahead with Long Son project, expanding operation in Vietnam

According to a media report, the Thai conglomerate – SCG is planning to push ahead with its $4.5 billion integrated petrochemical complex in Vietnam despite the recent withdrawal of Qatar Petroleum, one of the four key partners in the project. SCG is talking with three to four potential partners to succeed Qatar Petroleum and expects to finalize the negotiations this quarter. The startup of the Long Son Petrochemicals project will be delayed by no more than six months from late 2019 to early 2020.

Upon completion, the Long Son Petrochemical Complex is expected to produce the following products:

At the moment, SCG is running 22 operations in Vietnam including two acquired last year - Prime Group, the largest ceramic tile player in Vietnam, and Tin Thanh Packing (Batico), a flexible packaging company. The company is planning to expand its presence by building another cement factory, but it did not reveal any other detail on this.

Vietnam is the second largest investment destination for SCG, just behind Indonesia.

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