The Siam Cement Public Company Limited (SCC) said that its wholly-owned subsidiary SCG Chemicals Company Limited (SCG Chemicals) had purchased a 5.37% stake in Bangkok Synthetics Company Limited (BST) from Bangkok Bank Public Company Limited (BBL) for THB1.651 billion ($49.44 million). The transaction, expected to close in September, will increase SCG Chemicals’ ownership in the BST to 54.20%.
BST operates plants in the Map-Ta-Phut industrial estate in Rayong Province, producing mixed C-4 products such as butadiene, synthetic rubber, and nitrile latex. These materials are used to produce medical gloves and fuel-saving tyres. In 2020, BST recorded sales of THB10.142 billion ($303.71 million) and a net profit of THB920 million ($27.55 million). In the first half of 2021, BST’s revenues stood at THB10.685 billion ($319.97 million) and net profit at THB3.905 billion ($116.94 million).
