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Siam Cement Group's SCC Concrete Products and Aggregates has formed a joint venture with BIMobject to create BIMobject Thailand Co., Ltd., with CPAC holding 51% and BIMobject 49%.
BIMobject has formed a joint venture with CPAC, a subsidiary of Thai conglomerate SCG, to provide BIM technology and platform services in Southeast Asia. BIMobject will own 49% and receive minimum USD 500,000 annually in license fees for five years. Operations are expected to start in Q2 2020.