Siam Cement and AJ Plast form joint venture for BOPET film plant in Vietnam

Siam Cement Plc (SCC) announced a joint venture with AJ Plast Plc to produce biaxially oriented polyethylene terephthalate film (BOPET) in Vietnam. SCC will hold 45% and AJ Plast 55% of the new company, with a total equity investment of 851 million baht (US$22.7 million). Commercial production is expected in the first half of 2024.

“The BOPP and BOPET projects reaffirm SCC’s ongoing strategic investment and commitment in Vietnam, particularly value-added product designed to meet the growing consumer demand by providing raw material to serve the flexible packaging sector.”thaienquirer.com

• 1 source
• thaienquirer.comSiam Cement announces 2nd JV with AJ Plast in Vietnam to produce BOPET for packaging - Thai Enquirer MainThanaphum CharoensombatpanichAug 22, 2022

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