SCG President and CEO Kan Trakulhoon. (Photo: Cafef.vn)
, a major producer of chemicals, paper and cement, building materials, booked revenues of 10.19 trillion dong ($463 million) in the first three quarters of 2015, rising 4% from the comparable period of 2014, the firm said in a press release.
The Thai group, however, did not unveil the profit for the quarter.
SCG had total assets worth 16.06 trillion dong ($707 million) in Vietnam at the end of September, representing a 15% year-on-year rise, which was attributable to SCG’s investments in Prime Group and the acquisition of packaging firm Batico.
SCG has increased the number of subsidiaries and affiliates in Vietnam to 22 currently, mainly through mergers and acquisitions.
SCG, through its subsidiary Flexible Packaging Company, in July acquired an 80% stake of Vietnam’s Tin Thanh Packing Joint Stock Co (Batico) for $42.8 million.
SCG in 2013 bought an 85% of in Vietnamese tile manufacturer of Prime Group Joint Stock Company for $235 million. It earlier purchased stakes in two Vietnamese leading plastics companies, namely Binh Minh Plastic JSC and Tien Phong Plastic JSC, and a 99% stake in white cement maker Buu Long JSC.