Myanmar to allow foreign insurance firms

Home >> Daily News >>Indonesia>>Energy>>Barito Pacific, Thai's SCG establish logistics JV

NEWS UPDATES

Asean Affairs October 5 2017

Barito Pacific, Thai's SCG establish logistics JV

Diversified petrochemical giant PT Barito Pacific and Thailand's Siam Cement Group (SCG) have established joint venture firm PT SCG Barito Logistics to serve the two parent companies.

SCG country director for Indonesia Nantapong Chantrakul said on Tuesday the joint venture would begin operations in the middle of October to deliver petrochemical products made by PT Chandra Asri Petrochemical -- owned by both Barito Pacific and SCG.

"We have completed the establishment of PT SCG Barito Logistics in September. First, we will start with the delivery of products to Chandra Asri and next year we will expand the service to other SCG products such as cement and ceramics," he said in Jakarta.

The Siam Cement Public Company Limited president director Roongrote Rangsiyopash said investment for PT SCG Barito Logistics had reached 162 million Baht (US$4.85 million).

SCG held a 49 percent stake in the logistics company through SCG Cement-Building Materials Limited and Barito Pacific held a 51 percent stake through PT Barito Investa Prima.

"This investment will further increase competitiveness in network coverage and cost efficiency,” he said, adding that the company will also be expanded to serve external clients across Indonesia."

Reach Southeast Asia! 10- Nations, 560- Million Consumers And $1 -Trillion Market
We are the Voice of Southeast Asia	*Media Kit*
The only Media Dedicated to Southeast Asia	*Advertising Rates for Magazine*
	*Online Ad Rates*
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to your.views@aseanaffairs.com
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

or
submit your comment in the box below

Today's Stories October 5, 2017

Subsribe Now !

• PHL needs more data to gauge progress in sustainable dev't goals, says NEDA chief

• Subcribe: Asean Affairs Global Magazine

• Survey reflects optimistic business outlook for Q4

• Barito Pacific, Thai's SCG establish logistics JV

	Research Reports on Thailand 2007-2008
	• Textiles and Garments Industry • Coffee industry • Leather and footwear industry • Shrimp industry

• Myanmar to allow foreign insurance firms

• Government, industry players talk on rattan exports

Asean Analysis September 30, 2017
• Asean Analysis September 30, 2017
Prayuth’s White House Visit Expected to Kick-start Normalization of Thai-U.S. Relations

• Advertise Your Brand

Asean Stock Watch October 4, 2017

• Asean Stock Watch-October 4, 2017

The Biweekly Update
• The Biweekly Update September 30, 2017

ASEAN NEWS UPDATES Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Name

Email

1. Verifier