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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."


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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

 


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